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

Customs values of imported ginger & garlic revised vide VR No.2044/2026

byCT Report
21/02/2026
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The Directorate General of Customs Valuation has revised the customs values of imported ginger and garlic, aligning them with current international market prices.

The new rates apply to imports from China, Indonesia, Vietnam, Myanmar, and Thailand, and aim to ensure accurate assessment of duties and taxes.

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

The revision follows industry concerns that earlier values were higher than prevailing global prices. The updated values have been issued through Valuation Ruling No. 2044 of 2026, replacing the previous ruling notified in 2024.

FBR Warns Textile Spinning Units of Import Ban, Blacklisting Over ‘Digital Eye’ Non-Compliance

Authorities said the revision was necessary due to changes in international prices, particularly after higher production in key exporting countries.

According to the ruling, a reduction of 10 percent will be allowed in customs values for goods imported via land routes, accounting for lower freight costs.

The revision process was initiated after the All Pakistan Fresh Ginger and Garlic Importers and Wholesalers Association requested a review, citing declining global prices due to bumper crops in countries like China and Thailand.

Stakeholders participated in meetings with customs authorities to present their concerns regarding overvaluation. Officials reviewed 90 days of import data and conducted market surveys across wholesale and retail markets to determine actual price trends.

The final values were set after analyzing import data, market conditions, and international price movements. The Directorate said the revised valuation ensures transparency and compliance with legal provisions, while reflecting current global market realities.

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post

Poverty rate in Pakistan soars by 7pc in seven years due to inflation, floods

  • 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.