ISLAMABAD: Directorate General of Customs Valuation Karachi has issued new customs values on the import of Polyester Sewing Thread, Viscose Sewing Thread and Cotton Sewing Thread from China. The new customs values shall not apply to Embroidery Thread due to its premium quality. In this regard, the directorate has issued a new valuation ruling number 2047 of 2026. A representation has been received stating that consignments of Sewing Thread were released at varying declared values, resulting in disparity in assessment and lack of uniformity in the local market. In order to ensure consistency and safeguard government revenue, the Directorate has decided to determine the customs values of the subject goods. Accordingly, an exercise has been initiated for determination of customs values of Coconut Oil under Section 25A of the Customs Act, 1969. Meeting notices have been issued to all relevant stakeholders inviting their participation and submission of documentary evidence to facilitate a fair and transparent determination of customs values of the subject goods. The meeting was scheduled on 12.02.2026. During the meeting, the stakeholders submitted that the subject goods had previously been cleared at comparatively lower declared values, which did not reflect the prevailing international market prices. The customs values of raw material already determined by the Directorate, therefore, based on constitute material the customs values of subject items shall be determined. The stakeholders further stressed that determination on the basis of verifiable international price trends, determined customs values of raw material which supported by contemporary import data and documentary evidence would ensure transparency, uniformity, and protection of government revenue. Keeping in view the representations submitted by the stakeholders, the import data of the preceding ninety (90) days, along with information obtained from international price sources, was thoroughly scrutinized. The customs values of constitute material based on specifications of the subject goods were also examined. This classification was taken into consideration to ensure an appropriate comparison of values and to maintain uniformity in assessment while determining the customs values of the subject goods. Finally, market information obtained from credible online sources were gathered, analyzed, and utilized. Based on this comprehensive evaluation, the customs values of the subject goods have been determined under sub-section (9) read with sub-section (6) and (8) of Section 25 of the Customs Act, 1969 further read with first proviso of Section 25A of the Customs Act, 1969. This methodology ensures that the determination of customs values is fair, transparent, and fully compliant with the law, the directorate added. Copyright Business Recorder, 2026