KARACHI: The directorate of Customs Valuation has determined the customs values of iron pad lock vide Valuation Ruling No.1144/2017.

The customs values of iron pad lock were earlier determined vide Valuation Ruling No.593/2013. An exercise to re-determine the customs values of the said goods was initiated to reflect the current international price trend.

The customs values of Iron pad lock with keys (upto 50 grams) under PCT 8301.1000 of China are fixed at $4.53/kg.

The customs values of Iron pad lock with keys (51 to 81 grams) under PCT 8301.1000 of China are fixed at $2.96/kg.

The customs values of Iron pad lock with keys (above 81 grams) under PCT 8301.1000 of China are fixed at $2.20/kg.