Customs values of suitcases revised

KARACHI: Director Customs Valuation Iqbal Muneeb has revised the customs values of suit cases (soft & hard) vide Valuation Ruling no.1341/2018. The customs values of suit cases (soft & hard) of low-end brands were earlier determined vide Valuation Ruling no.915/2016. Since the valuation ruling was more than two years old… Continue reading

Customs values of ginger and garlic revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of ginger and garlic vide Valuation ruling No.1339/2018. The customs values of ginger and garlic were determined vide valuation ruling No.1299/2018 and 1244/2018. Representations were received from importers and requested to re-determine customs values of goods in line… Continue reading

Customs values of polyester filament yarn revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of polyester filament yarn vide Valuation ruling No.1338/2018. The customs values of polyester filament yarn were determined vide valuation ruling No.1269/2018 and 1244/2018. Representations were received from Filament Yarn Manufacturers Association (Pakistan) and requested to re-determine customs values… Continue reading

Customs values of printers revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of printers vide Valuation ruling No.1337/2018. The customs values of printers of various brands were determined vide valuation ruling No.1222/2017 and 1244/2018. Representations were received from importers that certain new models of printers have been introduced but are… Continue reading

Customs values of tissue papers revised

KARACHI: Director Customs Valuation Iqbal Muneeb has determined the customs values of facial tissue paper in boxes, toilet tissue, kitchen tissue, hand towel, napkin tissue (Plastic packaging sheets/rolls), tissue paper jumbo roll vide Valuation Ruling No.1336/2018. The customs values of facial tissue paper and tissue paper jumbo roll were determined… Continue reading

Customs values of pop corn revised

KARACHI: Directorate of Customs Valuation Karachi Iqbal Muneeb has revised the customs values of pop corn vide Valuation Ruling No.1332/2018. Earlier the values of pop corn were determined vide Valuation Ruling No.1107/2017. There were several representations from importers wherein they contended that customs values in the existing valuation ruling are… Continue reading

Customs values of fleece fabric revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of fleece fabric vide Valuation Ruling No. 1326/2018. The customs values of fleece fabric were earlier determined vide Valuation Ruling No.683/2014. Several representations from commercial importers including Karachi Textile Lining and Coated Fabrics Association were received wherein they… Continue reading

Key Takeaways: Revised Finance Bill FY19

KARACHI: The Finance Minister Asad umar stated that Budget deficit for FY18 was set at 6.6% (RS 2.2trn) whereas FY19 projections were set at 7.2% (RS 2.9trn). Hence, immediate measure are needed to control this. Import cover at present is less than 2 months (6-7 weeks). This may build pressure… Continue reading

Customs values of tyres and tubes revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of tyres and tubes (bicycle, motorcycle, scooter, rickshaw) vide Valuation Ruling No.1321/2018. The customs values of tyres and tubes of different types and sizes including those of bicycle, motorcycle, scooter, rickshaw were earlier determined vide Valuation Ruling No.1236/2017…. Continue reading

Customs values of tyres and tubes of passenger cars revised

KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of tyres and tubes (passenger cars) vide Valuation Ruling No.1318/2018. The customs values of tyres and tubes of different types and sizes including those of passenger cars were earlier determined vide Valuation Ruling No.1236/2017. However, different stakeholders requested… Continue reading