KARACHI: Directorate of Customs Valuation has determined the customs values of Citric Acid vide Valuation Ruling No.1015/2017.
The values of the Citric Acid for reference were earlier determined vide Valuation Data Base letter No.157. There were several representations from different importers/ traders and trade bodies i.e. Pakistan Chemicals and Dyes Merchants Association (PCDMA), for determination of customs value of the Citric Acid afresh.
The importers have claimed that the prices of Citric Acid are showing downward trend in the International market, hence an exercise was initiated to re-determine the values of Citric Acid.