Customs values of spices and nutmeg revised

KARACHI: Directorate of Customs Valuation has determined the customs values of various spices and nutmeg vide Valuation Ruling No.1047/2017.

Directorate General had earlier circulated reference value slabs vide National Valuation Database letters for cloves, big cardamom, Mace, nutmeg, cinnamon and tej patta.

Furthermore, Valuation Rulings Numbered 598/2013 No. 687/2014 and a Valuation Ruling No.743/2015. In this context the collectorates did not agree to some of the prices being hedged with the international ledger-trading and conducted fresh market surveys for items like nutmeg, cinnamon, cassia, tej patta, cloves etc. Pakistan Kiryana Merchants Association also approached Directorate General and requested to issue valuation ruling for subject goods, pointing out various impediments in the uniform applicability of the notified and reference values, besides other issues. Therefore, this Directorate General initiated an exercise for determination of customs values of various spices & nut.

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