KARACHI: Director Customs Valuation Iqbal Muneeb has determined the customs values of wrist watches (low-end brands vide Valuation Ruling No.1315/2018.
It was brought to the notice of the Directorate that values of wrist watches (low-end brands) were being declared to Customs at much lower prices than the prevalent prices in the international market.
Verifications conducted by the Directorate confirmed this stance. Therefore, an exercise was initiated to determine the customs values of the goods in view of the prevailing prices in the international market.
