Customs values of safety pin determined

KARACHI: Directorate of Customs Valuation has revised the customs values of safety pin of iron and steel vide valuation ruling No.1093/2017.

Earlier this Directorate General had conducted an audit of clearance values of subject goods and found the same to be on lower side in comparison with the international trading prices and the local selling prices.

As an immediate remedial measure, Directorate General circulated customs value of safety pin made of iron and steel Chinese origin as one of the risk assessment measures vide Valuation Database letter.

MCC Appraisement (West) also forwarded their proposal with enclosed copies of their working paper for determination of customs values of safety pin made of iron and steel Chinese origin. They also sought reduction of assessable value vide a valuation ruling so that uniform application of values could be affected without any discrepancies. Therefore this Directorate General initiated an exercise for determination of customs values of Chinese origin Safety Pin made of iron and steel.

The customs values of safety pin made of iron and steel of China under PCT 7319.4000 are fixed at $2.0/kg.

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