KARACHI: Federal Board of Revenue’s Directorate General of Customs Valuation has revised valuation of non-dairy topping cream.
Customs Valuation Director Wasif Memon revised the values of non-dairy topping cream through Valuation Ruling No.897/2016 under PCT 2106 after decrease in the international market as compared to determined values vide Valuation Ruling No.801/2016.
The customs values of non-dairy topping cream (Rich’s brand) of Americas/Europe are fixed at $2.0/kg and all other origins at $1.7/kg. The customs values of non-dairy topping cream (all other brands excluding Rich’s brand) of Americas/Europe are fixed at $1.55/kg, of Malaysia at $1.3/kg of Vietnam at $1.2/kg and all other origins at $1.35/kg.
