KARACHI: Directorate of Customs Valuation has determined the customs values of disposable razors and razor parts vide Valuation Ruling No.1179/2017.

Earlier 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, this Directorate General circulated customs value of Safety Razor Chinese origin as one of the risk assessment measures vide Valuation Database letter.

Representation was received from a number of importers that they sought reduction of assessable value vide a valuation ruling so that uniform application of values could be affected without any discrepancies.