KARACHI: The Directorate General of Customs Valuation issued the reference values for terpineol medical use.
According to details, the Directorate General initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market.
During the scrutiny of previous clearance data, it was observed that terpineol medical use falling under PCT heading 2906.1910 are being assessed at different values and certain transactions are on very low side.
The directorate general, after carefully examining the clearance data, also conducted market inquiries to verify the authenticity of declarations. Online prices were also obtained to corroborate the findings of the market surveys. The Directorate, therefore, found that the customs values of terpineol medical use of Chinese origin are $2.23 per kilogram.
These values are, however, for reference/guidance only and final assessment may please be made after considering other factors which have bearing on the customs value.
