Customs values of abrasive products revised

KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of abrasive products  vide Valuation Ruling No.962/2016.

Customs values of abrasive products were earlier determined vide Valuation Ruling No.698/2014. Meanwhile, representations were received from importers with request that the Valuation Ruling is over two years old and it needs to be issued in line with prevailing prices in the international market.

An exercise was initiated to determine the customs values of stationary items afresh under PCT 6805.2000.

Customs values of abrasive fiber/paper disc of China are $4.35/kg, of Korea at $4.6/kg, of Europe at $5.4/kg. Customs values of abrasive fiber/paper roll of China are $3.1/kg, of Korea at $3.5/kg, of Europe at $3.9/kg. Customs values of abrasive cloth sheet of China are $1.85. Customs values of abrasive cloth roll of China are $3.5/kg, of Korea at $4.5/kg, of Europe at $6.75/kg. Customs values of abrasive latex paper sheet/roll of China are $3.0/kg. Customs values of abrasive kraft paper sheet/roll of China are $1.7/kg, of Korea at $2.0/kg.

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