KARACHI: Director Customs Valuation Manzoor Hussain Memon has determined the customs values of natural raw rubber of different grades vide Valuation Ruling No.787/2016.
Customs values of Natural Raw Rubber “RSS” & “Crepe” were determined vide Valuation Ruling No.488/2012. The trade community were demanding revision in prices of this commodity owing to downward trend in its price in international market.
Accordingly to ascertain the current prices prevailing in the international market, an exercise to determine the customs values of Natural Raw Rubber of different grades were under taken by this Directorate General.
The customs values of natural raw rubber smoked sheets under PCT chapter 40.01 will be $1.90/KG for RSS-1,2,3 (ISNR-5/ISNR-10) SLR-5/SLR-10 and equivalent TSNR grades.
The customs values of natural raw rubber smoked sheets under PCT chapter 40.01 will be $1.84/KG for RSS-4 & 5 (ISNR-20/ISNR-50) SLR-10/SLR-20 and equivalent TSNR grades.
The customs values of natural raw rubber smoked sheets under PCT chapter 40.01 will be $1.69/KG for all other RSS grades.
Customs values of natural raw rubber crepe will be $2.30/KG for TPC3 white SLR-3L and equivalent TSNR grades.
Customs values of natural raw rubber crepe will be $2.18/KG for International NO.3 (ISNR-5 & ISNR-3) SLR-5L and equivalent TSNR grades while all the other grades will be assessed to duty and taxes at $2.07/KG.
If the goods are imported in the shape of clocks $25/PMT will be added on each above determined value.