KARACHI: Directorate General of Customs Valuation revised value of abrasive products grinding/cutting disc vide Valuation Ruling No 930/2016 under Section 25 (A) of the Customs Act, 1969.
Earlier, customs value of were determined abrasive products grinding/cutting disc vide Valuation Ruling 401/2011 dated November 25, 2016.
As the valuation ruling had been notified about 5 years back; therefore, it needed revision in line with the prevailing prices in the international market. Hence, this directorate initiated an exercise for determination of customs values for abrasive products grinding/cutting disc.
New values are as under;
