KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of industrial rubber V-belts, industrial rubber conveyor belts and industrial rubber hose pipes vide Valuation Ruling No.923/2016.
The values of industrial rubber V-belts, industrial rubber conveyor belts and industrial rubber hose pipes were earlier determined vide Valuation Ruling No.359/2011. Since the ruling was over 5-year old, an exercise was initiated to determine the values of goods afresh.
The customs values of Industrial Rubber V-belts under PCT 4010 of China are fixed at $2.05/kg, all other origins at $2.3/kg.
The customs values of Industrial Rubber conveyor belts under PCT 4010 of China are fixed at $1.70/kg, all other origins at $1.87/kg.
The customs values of Industrial Rubber hose pipes under PCT 4009.1190 of China are fixed at $1.20/kg, all other origins at $1.35/kg.