KARACHI: Director Customs Valuation Manzoor Hussain Memon has determined the customs values of carbon steel seamless pipe vide Valuation Ruling No.785/2015.

Recently importers of carbon steel seamless pipes have agitated against the customs values of ‘Carbon Steel Seamless Pipe ASTM A 106 Assorted Sizes’ determined vide Valuation Ruling No. 303/2011 mainly on the ground that the values of subject goods are traded in the international market at much lower values.

The issue was also agitated before High Court of Sindh Karachi, the High Court has ordered for revision of the Valuation Ruling and determining its fair value.

Accordingly, carbon steel seamless pipes, assorted sizes under PCT 7304.3900 of China origin would be assessed to duty and taxes at $0.69/KG.