Customs values of abrasive products revised

KARACHI: Director Customs Valuation Iqbal Muneeb has revised the customs values of abrasive products grinding wheel, grinding cutting disc vide Valuation Ruling No.1247/2018.

Earlier the customs values of the subject goods were determined vide Valuation Ruling No. 930/2016 and subsequently were revised vide order-in-revision No.251/2016.

An exercise was undertaken to re-determine the values of abrasive products grinding wheel, grinding cutting disc afresh in order to reflect the prices prevailing in the international market.

The customs values of abrasive grinding wheel under PCT 6804.1000 of China origin are fixed at $1.9/kg; other origins under PCT 6804.2200 are fixed at $2.1/kg.

The customs values of abrasive grinding cutting disc under PCT 6804.1000 of China origin are fixed at $1.5/kg; other origins under PCT 6804.2200 are fixed at $2.0/kg.

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