KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of press-fasteners, snap fasteners and press-studs and parts thereof vide Valuation Ruling No.899/2016.
The values of values of press-fasteners, snap fasteners and press-studs and parts thereof have increased in the international market as compared to determined values vide Valuation Ruling No.746/2015.
The customs values of values of press-fasteners, snap fasteners and press-studs and parts thereof (iron/steel) of China are fixed at $2.0/kg; of Taiwan at $2.2/kg of Japan at $3.1/kg and all other origins at $2.35/kg.
The customs values of values of press-fasteners, snap fasteners and press-studs and parts thereof (plastic) of China are fixed at $2.4/kg; of Taiwan at $2.65/kg of Japan at $3.4/kg and all other origins at $2.9/kg.
The customs values of values of press-fasteners, snap fasteners and press-studs and parts thereof (stainless steel) of China are fixed at $2.8/kg; of Taiwan at $3.1/kg of Japan at $4.35/kg and all other origins at $3.3/kg.
The customs values of values of press-fasteners, snap fasteners and press-studs and parts thereof (brass) of China are fixed at $4.1/kg; of Taiwan at $4.4/kg of Japan at $5.2/kg and all other origins at $4.65/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.