KARACHI: Directorate of Customs Valuation has revised the customs values of natural raw rubber of different grades vide valuation ruling No.1092/2017.

Customs values of Natural Raw Rubber of different grades were determined vide Valuation Ruling No.929/2016. An upward trend in the international prices of subject commodity was noticed, therefore, an exercise was undertaken to re-determine the customs value of the subject goods afresh.

Cases of provisional release under Section 81 of the Customs Act, 1969 of Natural Raw Rubber from Bangladesh and Myanmar origins were also received from clearance collectorates and importers of subject commodity from aforementioned origins had also requested that the same be added to the fresh Ruling and have, therefore, been considered in this Valuation Ruling.