KARACHI:  The Directorate of Customs Valuation has revised the customs values of lubricant oil vide Valuation Ruling No.1140/2017.

The Customs values of different types of Lubricating Oil were determined and notified vide Valuation Ruling No.657/2014. Customs values mentioned in the said Valuation Ruling were more than three years old, moreover, several importers had requested for re-determination of customs value of subject goods, therefore, an exercise was initiated to determine afresh the Customs Values of various types /categories of Lubricating oils keeping in view the prevailing price trends of international market.