KARACHI: The Directorate General of Customs Valuation has revised the customs values of vehicles above 1800cc of Japanese origin vide Valuation Ruling No.1051/2017.
The Customs values of vehicles above 1800 CC of Japanese origin for model years 2009 to 2013 were determined vide Valuation Ruling No.655/2014 and subsequent amendment/addendum.
A representation was received from the Model Custom Collectorate of Appraisement (East) that existing valuation ruling pertains to Japanese origin vehicles of model year 2009 to 2013 and Japanese vehicles of Model Year-2014 and 2015 are being imported with different specifications therefore values of the same may be determined.
Therefore, an exercise was conducted to determine the custom values of the subject vehicles for model year 2014 and 2015 under Section 25Aof the Custom Act, 1969 to reflect the prices prevailing in the international market.
The vehicles whose values have been revised include Odyssey, Honda Accord, Honda Step Wagon SPADA, Toyota Lexus, Toyota Century, Toyota Crown, Toyota Camry, Toyota Avensis, Toyota Mark-X, Toyota Alphard, Toyota Estima, Toyota Premio, Land Cruiser, Prado, RAV-4 etc and various vehicles of Nissan and other manufacturers.