KARACHI: Director Customs Valuation Manzoor Hussain Memon has determined the customs values of PVC Panaflex/banner sheets vide valuation ruling No.782/2015.

Customs values of PVC Panaflex/Banner Sheets were determined through Valuation Ruling No.605/2013. The importers filed C.P. before Honourable High Court of Sindh at Karachi’s which was disposed of with remarks that while disposing of this petition direct the Director Customs Valuation to consider the request of the petitioner and pass appropriate order in accordance with law within three weeks hereof.

Therefore, this Directorate General initiated an exercise for determination of customs value for PVC Panaflex/Banner Sheets.

Accordingly, PVC Panaflex/banner sheets under PCT Chapter 39.21 of China origin would be assessed to duty and taxes at $1.32/kg while customs values of the same goods of all other origins will be $1.47/KG.