KARACHI: Directorate of Customs Valuation has revised the customs values of chemicals, iso-propyl alcohol, N-propanol, Cyclohexanone, Ethoxylated Nonyl Phenol, Iso-Butanol, N-Butanol and Phenol vide Valuation Ruling No.1219/2017. Earlier the customs values of the subject chemicals were determined vide Valuation Ruling No 1156/2017. There were several representations from commercial importers as well as from Pakistan Chemicals and Dyes Merchants Association (PCDMA) wherein they claimed that value of the subject chemicals needs to be realigned with international values. They requested to determine the applicable customs values afresh in accordance with the trend of values in the international markets. Keeping in view the prevailing prices of the subject goods, Directorate General initiated an exercise for determination of the Customs Values of the subject Chemicals.