Customs values of furniture revised
KARACHI: The Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of home and office furniture and parts vide Valuation Ruling No. 855/2016.
It was brought to the notice of Directorate that values of various types of furniture and parts thereof had increased considerably in the international market as compared to determined customs values of furniture and parts of China vide Valuation Ruling No.451/2012.
Therefore and exercise was undertaken to revise the customs values of furniture.