KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of various chemicals vide Valuation ruling No. 948/2016.
The customs values of subject chemicals namely methylene chloride, propylene glycol, sodium bi carbonate, calcium acetate, calcium propionate and mono sodium glutamate were earlier determined vide Valuation ruling No.804/2016, 805/2016, 820/2016 and 823/2016.
There were several representations from different importers/traders and trade bodies i.e. Pakistan Chemicals and Dyes Merchants Association for determination of customs values of the chemicals. Importers claimed that the prices of subject chemicals were showing downward trend in the international market.
Wasif Memon formed a committee comprising Additional Director Nadeem Memon, Deputy Director Shoib Raza and Principal Appraiser Safdar Abbas to determine the values of the goods afresh.