KARACHI: The value of an imported consignment declared in the goods declaration (GD) or the value mentioned on the invoice retrieved from the consignment will be assess able value if higher than the value determined vide the relevant valuation ruling.
The Finance Bill 2017 has added a proviso in Section 25A of customs Act 1969, which provides that where the value declared in a goods declaration, filed under section 79 or section 131 or mentioned in the invoice retrieved from the consignment, as the case may be, is higher than the value determined under sub-section (1), such higher value shall be the customs value.