KARACHI: Directorate of Customs Valuation has revised the customs values of Frequency Inverters vide Valuation Ruling No.973/2016.
Customs values of frequency inverters were earlier determined vide Ruling No.751/2015. The values required revision in line with the prevailing prices in the international market..
Director Wasif Memon formed a committee comprising Additional Director Iqbal Muneeb, Deputy Director Rizwan Bashir, Principal Appraiser Iqbal Ali and Valuation Officer Altaf Mangi to determine the values of frequency inverters afresh.
The customs values of frequency inverters below 1KW without batters under 8504.4090 of China origin at $48/KW, of Far East at $57/KW, of Japan at $77/KW and all other origins at $80/KW.
The customs values of frequency inverters above 1KW without batters under 8504.4090 of China origin at $43/KW, of Far East at $52/KW, of Japan at $69/KW and all other origins at $72/KW.