KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has determined the customs values of kitchen cabinets - CKD, SKD and SBU condition – and accessories thereof vide Valuation Ruling No.1340/2018.
It was brought to the notice of the Directorate that the values of kitchen cabinets - CKD, SKD and SBU condition – and accessories thereof, are being declared to customs at much lower values than the current international values.
It was also observed that certain importers were also declaring incorrect and incomplete description of the goods. Verifications by the authorities reaffirmed this position.
Therefore, an exercise was initiated for the determination of Customs values of kitchen cabinets and accessories in line with the prevailing prices in the international market.
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