KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of non-dairy topping cream vide Valuation Ruling No.897/2016.
Representation was received that the values of non-dairy topping cream have fallen in the international market as compared to determined values vide Valuation Ruling No.801/2016. An exercise was initiated to determine the values of non-dairy topping cream under PCT 2106.
The customs values of non-dairy topping cream (Rich’s brand) of Americas/Europe are fixed at $2.0/kg and all other origins at $1.7/kg.
The customs values of non-dairy topping cream (all other brands excluding Rich’s brand) of Americas/Europe are fixed at $1.55/kg, of Malaysia at $1.3/kg of Vietnam at $1.2/kg and all other origins at $1.35/kg.
Wasif Memon formed a team to conduct market inquiries and hold meetings with the stakeholders comprising Additional Director Iqbal Muneeb, Deputy Director Rizwan Bashir and Principal Appraiser Abdul Hameed.