KARACHI: The Directorate General of Customs Valuation has determined the value of tubular metal needle under Section 25-A of the Customs Act, 1969, under PCT 9018.3200 vide Valuation Ruling No.740/2015.
It may be mentioned here that the Valuation Department received a reference from the clearance Collectorate regarding determination of customs value of tubular metal needle as there was wide variation in the import value of the subject item.
Meetings were convened with all the stakeholders, local manufacturers, and representatives of trade bodies on June 2, 2015 to discuss the current international prices of subject goods, wherein their views were also sought regarding valuation.
The tubular metal needle of all origin under PCT 9018.3200 would be assessed to duty and taxes at $6.5 per kg; Tubular Metal Needle of China would be assessed to duty and taxes at $6.0 per kg.
