KARACHI: Directorate of Customs Valuation has revised the customs value of ball bearings and taper bearings vide Valuation Ruling No.1188/2017.

Customs value of ball bearings and taper bearings were earlier vide Valuation Ruling No.1135/2017. The values of ball bearings and taper bearings were challenged before Director General Customs Valuation by different importers and Bearings Trade Group.

Hence an exercise was initiated to determine the customs values of subject goods afresh.