Customs values of veterinary tubular needles revised

KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of tubular metal needles vide Valuation Ruling No.900/2016.

The values of values of tubular metal needles were known to be increased in the international market as compared to determined values vide Valuation Ruling No.740/2015. An exercise was initiated to determine the values of tubular metal needles under PCT 9018.

The customs values of values of tubular metal needle (ready to use in packed form with plastic cap fitted with hub) of China are fixed at $7.25/kg and all other origins at $8.7/kg.

The customs values of values of tubular metal needle (metallic shaft only in bulk form) of China are fixed at $7.5/kg and all other origins at $8.9/kg.

The customs values of values of tubular metal needle (for veterinary use) of China are fixed at $5.5/kg and all other origins at $6.6/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.

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