KARACHI: Directorate of Customs Valuation has revised the customs values of stainless steel sheets, coils, circles of secondary quality vide Valuation Ruling No.1194/2017.

Customs values of stainless steel sheets, coils, circles of secondary quality were earlier determined vide Valuation Ruling No.773/2015. The ruling is more than one year old and LMB prices of stainless steel has shown an upward trend in international market. Therefore, Directorate initiated an exercise to determine the customs values of the goods in line with international market.