KARACHI: The Federal Board of Revenue’s Directorate General of Customs Valuation has revised values of low-end brands hair accessories.
The department issued Valuation Ruling VR 905 of 2016 to determine the custom values of hair accessories, which was previously issued in 2012 through VR 902. A full scale exercise was carried out as per requirement of section 25-A of the Customs Act 1969 by taking all stakeholders into confidence and ensuring their participation besides market survey and other methods applicable and mandatory.
The item was described as hair accessories made of plastic/ordinary iron (excluding stainless steel) and fancy hair accessories made of electroplated steel (low-end brands only). These were classified under PCT Code 9615.1100.1000 to 9615.9090. The C&F value for these items depending on origin including China, Middle East, Far East and others, ranging from US$ 3.1 per kilogram to US$ 10 per kilogram.
