Customs values of chemicals revised

KARACHI: Director Customs Valuation Karchi Iqbal Muneeb has revised the customs values of chemicals methylene chloride, propylene glycol, sodium bi carbonate, mono sodium glutamate, calcium acetate, calcium propionate and terpineol vide Valuation Ruling No.1221/2017.

Earlier the customs values of the subject chemicals were determined vide Valuation Ruling No 1044/2017. 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 prevailing rates in the international markets.

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