Business Recorder
ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has revised the customs values for 10 different types of copper filter dryers, mainly imported from China. According to a recent valuation ruling (2059 of 2026) issued by the directorate, representation from the importer M/s Crescent Corporation was received for re-determination of customs values of Copper Filter Dryers, as the current Valuation Ruling of the subject item is more than seven years old and international prices of copper have increased significantly in the last seven years. Therefore, a preliminary analysis of import data, declared values, assessed values, and market prices was undertaken for the determination of customs values of the subject goods under Section 25A of the Customs Act, 1969. A meeting for the determination of customs values was held, which was attended by the relevant stakeholders. The viewpoints of the participants were heard in detail, and the stakeholders were requested to submit documentary evidence to substantiate their contentions. For the determination of customs values of the subject goods, ninety (90) days’ import data was retrieved and thoroughly scrutinized in light of the information received from stakeholders. Finally the Customs values of the subject goods have been determined under Section 25(9), read with Section 25(6) and Customs Rule 121 (2) of Customs Rules, 2001 which provides that the methods of valuation, to be employed under sub-section (9) of section 25 of the Customs Act, 7969 may be inclusive of those laid down in sub-sections (l), (5), (6), (7) and (8) of the said section, but a reasonable flexibility in the application of such methods would be in conformity with the aims and provisions of subsection (9) of that section, the ruling added. Copyright Business Recorder, 2026
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