KARACHI: Directorate-General of Customs Valuation Director Shafiq Ahmad Latki has issued customs values of ice cream under section 25-A of the Customs Act, 1969.
Earlier, the customs values of ice cream were determined under Section 25-A of the Customs Act, 1969 vide Valuation Ruling No. 1442/2020 dated 5.3.2020. The importers filed review petition under section 25-D of the Customs Act, 1969. The Directorate-General Customs Valuation remanded back the valuation ruling vide Order-in-Revision dated 20.4.2020 with the observation to re-determine the values after consulting all the stake holders besides judicial scrutiny of values differences at import stage and retail price.
