KARACHI: Directorate of Customs Valuation has revised the customs values of bearings vide Valuation Ruling No.953/2016.
Customs values of bearings were earlier determined vide Valuation Ruling No. 312/2011. Valuation Ruling required revision in line with the prevailing prices in the international market.
Director Customs Valuation Wasif Memon formed a team comprising Additional Director Iqbal Muneeb, Deputy Director Rizwan Bashir, Principal Appraiser Iqbal Ali and Appraising Officer to determine the values of bearings under PCT 8482 afresh.
