KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of different polyester fabrics vide Valuation Ruling No.1301/2018.

The customs values of different types of polyester fabrics were earlier determined vide two different valuation rulings No.1224/2017 and 1225/2017. Importers of polyester fabric agitated time and again that their item was not covered under the rulings and they are being incorrectly assessed under the existing rulings.

An exercise was initiated to determine the values of the goods afresh.