Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News
Old rusty corroded car parts in car scrapyard. Car recycling.Wrecking Machinery Parts wait for reused or to be a part for repair.

Old rusty corroded car parts in car scrapyard. Car recycling.Wrecking Machinery Parts wait for reused or to be a part for repair.

DG Valuation determines customs values for old & used autoparts

byCT Report
04/04/2025
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Pakistan Customs has officially revised the customs values of old and used autoparts to align them with prevailing international market rates.

The Directorate General of Customs Valuation announced this update through Valuation Ruling No. 1994 of 2025. The revised valuations are aimed at ensuring fair tax collection while discouraging under-invoicing and smuggling of autoparts.

You might also like

Finance minister discusses REITs growth with stakeholders

02/05/2026

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

02/05/2026

The move comes in response to multiple representations received by the Directorate from various stakeholders, including importers and trade associations, who had called for a reassessment of customs values. These appeals emphasized that existing customs valuations did not reflect the actual conditions in the global market, particularly for old and used autoparts.

Taking these concerns into account, Pakistan Customs initiated a detailed exercise under Section 25A of the Customs Act, 1969. As part of the process, consultative meetings were held on November 27 and December 26, 2024. The sessions were attended by key stakeholders such as members of the Old & Used Auto Parts Importers Association and the Sindh Auto Parts Scrap Importers & Dealers Association (SAPSIDA), as well as local manufacturers.

Stakeholders stressed that the value of used autoparts significantly varies based on the degree of wear and tear, operational efficiency, and age. They pointed out that such items are usually procured at scrap rates in the international market. They cautioned that inflated customs values could potentially disrupt legal trade flows, reduce overall imports, and eventually diminish government revenue.

In order to make an informed decision, Pakistan Customs reviewed 90 days of import data and conducted a comprehensive market survey. These findings were examined in line with Office Order No. 171/2014 and the provisions of Section 25(7) and 25(9) of the Customs Act. The revised customs values now provide a more accurate and transparent benchmark for assessing duties and taxes on old and used autoparts.

The revised values cover a wide range of items, including diesel and petrol engines, gear boxes, engine blocks, compressors, brake assemblies, axles, and various other autoparts. For example, a 3-cylinder diesel engine with a head and gear box will now be assessed at US$ 265 per unit, while a 6-cylinder diesel engine without a head or gear box will be valued at US$ 625 per unit. These adjustments aim to provide consistency and clarity in customs valuation processes.

Customs officials reiterated that these revised values are essential to curb under-invoicing practices and to ensure that the legal importers of autoparts are not undercut by illicit trade. By updating the customs values of used autoparts, Pakistan Customs intends to facilitate genuine trade while boosting state revenue.

With the autoparts industry playing a significant role in the country’s automotive and repair sectors, these adjustments are likely to have wide-reaching implications. Traders, importers, and even consumers should take note of the new customs benchmarks when dealing in old and used autoparts.

Related Stories

Finance minister discusses REITs growth with stakeholders

byCT Report
02/05/2026

ISLAMABAD:Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Saturday chaired a virtual meeting of the Focus Group to...

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

byCT Report
02/05/2026

LAHORE: Prime Minister Shehbaz Sharif held a meeting with Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin...

CM’s advisor Ali Mustafa Dar unveils AI governance plan

byCT Report
02/05/2026

RAWALPINDI: Advisor to the Chief Minister of Punjab on Artificial Intelligence and Special Initiatives, Ali Mustafa Dar, has announced that...

Pakistan’s inflation hits two-year high at 10.9pc in April

byCT Report
02/05/2026

ISLAMABAD: Pakistan’s inflation surged to a near two-year high of 10.9% in April, driven by rising fuel prices, global supply...

Next Post

Pakistan launches response to counter 29pc US tariff on exports

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.