ISLAMABAD: The Directorate General of Customs Valuation Karachi has issued new customs values on the import of 16 different types of industrial chemicals including Boric Acid/Aluminium Oxide. The directorate has issued Valuation Ruling No2051 of 2026, updating customs values for several imported chemicals under Section 25A of the Customs Act, 1969. The matter of determination of the customs values of these chemicals was taken up by the directorate keeping in view of the prevailing international market conditions. The existing valuation ruling was five years old. The revised ruling has replaced the Valuation Ruling No1480/2020 and will remain effective until further notice. The decision follows a detailed review of international market conditions and import data, as the previous valuation had become nearly five years old. The ruling also considered the High Court’s order dated December 10, 2025. Chemicals covered under the new valuation included Boric Acid, Aluminum Oxide (ceramic and other grades), Chromic Acid, Chromium Trioxide, Barium Chloride, Sodium Metabisulphite, Sodium Hexametaphosphate, Sodium Acid Pyrophosphate, Borax Decahydrate, Dipentene/Limonene, Chloroform, and Perchloroethylene. The meeting was attended by various stakeholders including representatives of Pakistan Chemicals & Dyes Merchants Association (PCDMA) and the importers. For determination of customs values of the said goods, 90 days’ data was retrieved and the same was scrutinized in the light of information received. The Directorate emphasized that these customs values serve as minimum benchmark prices. If imported consignments declare higher invoice values, customs assessment will be made based on the higher value. For air shipments, the difference between air freight and sea freight will also be added to the assessed value. All customs collectorates have been instructed to ensure strict implementation of the ruling, and any anomalies are to be immediately reported to the Directorate. The ruling aims to ensure uniformity in customs valuation, prevent under-invoicing and reflect current international market conditions for industrial chemicals, the ruling added. Copyright Business Recorder, 2026