LAHORE: Directorate General of Customs Valuation Karachi has increased customs value on the import of hair care products, shampoos, conditioners, face/talcum powder, face and skin creams/lotions, toothpaste, aftershave, shaving creams/gel/foam, soaps, and face washes.
In this connection, the Federal Board of Revenue (FBR) directorate has issued two valuation rulings. The new values would be applicable to the imports made from March 2, 2022.
According to a ruling, customs values have been raised on the import of face/talcum powder, face and skin creams/lotions, toothpaste, aftershave, shaving creams/gel/foam, soaps in other forms and face washes, etc.
Through another ruling, custom values have also been increased on the import of hair care products/shampoos/conditioners and hair sprays/gel/wax/creams/color/oils/coat/aqua/hydrogen peroxide liquid/developers/accelerators.
Earlier, the customs values of hair care products/shampoos/conditioners and hair sprays/gel/wax/creams/colors/ oils/coat/aqua/hydrogen peroxide liquid/developers/accelerators were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.1530/2021 dated 02-04-2021, which was challenged under Section 25D of the Customs Act, 1969 before the Director General Customs Valuation, Karachi.
In view of the foregoing, an exercise was undertaken by the Directorate General of Customs Valuation to determine the customs values of these goods in terms of Section 25A of Customs Act, 1969.
