Lahore: Directorate General of Customs Valuation, Karachi has revised customs values, between $1.25 per kg and $2.35 per kg, on the import of almonds (shelled/without shell cover) from Iran, Afghanistan, USA, and Australia from March 18, 2022.
The directorate has also revised customs values, within the range of $2.05 per kg and $3.98per kg, on the import of branded olives of all origins.
In this regard, the directorate has issued two valuation rulings.
According to the first ruling, customs values of almonds were earlier determined and notified vide Valuation Ruling No 1209/2017. Trade representatives of Balochistan in Quetta approached the Chief Collector of Customs, Balochistan and requested that the import values of “almonds” as imported via land route, from Afghanistan and/or Iran may be determined afresh.
Therefore, an exercise was undertaken, in exercise of powers conferred under section 25A of the Customs Act, 1969 to determine the customs values of the noted items.
Consultative meeting with representatives of Quetta Chamber of Commerce and Industry was held.
The valuation was determined under Section 25 of the Customs Act, 1969. Transaction Value Method given under sub-section (1) of section 25 of the Act ibid was found to be inapplicable in the absence of requisite information. “Identical and Similar Goods” valuation method could not be relied upon because of the absence of evidence of qualities, and quantities (commercial level).
