KARACHI: Director of Customs Valuation has revised the customs values of sauces, salad dressing, mayonnaise, mustard and tomato ketchup vide Valuation Ruling No. 1215/2017.

Customs values of Sauces / Salad dressing/ Mayonnaise / Mustard and Tomato Ketchup were earlier determined through Valuation Ruling No.952/2016. There was representation from commercial importer for determination of customs value of subject items a fresh.

Commercial importer claimed that the prices of Sauces / Salad Dressing / Mayonnaise / Mustard and Tomato Ketchup are lower in the International markets than the customs value determined in the existing valuation ruling, which is over one year old, hence it is required to be revised in the light of High Court of Sind’s orders.

Since 90 days have passed and representations were received from commercial importer regarding values determined in the valuation ruling. Hence an exercise was initiated to re-determine the values of subject items.