KARACHI: Director Customs Valuation Karachi, Dr. Wasif Memon has revised the customs values of split air conditioners (conventional/inverter type) vide Valuation Ruling No.839/2016.
Importers of components for split air conditioners have agitated against the customs values determined vide Valuation Ruling No.330/2011 since the prices of components for split air conditioners in the international market have been considerably decreased.
Moreover, currently components of inverter type air conditioners are also being imported and that certain components of inverter type are comparatively more expensive than the traditional type. In order to ascertain the current prices prevailing in the international market, an exercise was undertaken to determine the customs values of the subject goods.
