KARACHI: Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of light fittings/fixtures vide Valuation Ruling No.879/2016.
Customs values of Light Fittings/Fixtures were earlier determined vide Valuation Ruling No.638/2014. It was brought to the notice of the Directorate General of Customs Valuation that the values of various types of Light Fittings/Fixtures have considerably increased in the international market as compared to the determined Customs values of Light Fittings/fixtures of different origins vide Valuation Ruling No.638/2014.
The impugned Valuation Ruling is considerably old and requires revision in line with the prevailing prices in the international market. Therefore, Directorate General initiated an exercise for determination of customs values of Light Fittings/Fixtures.
