KARACHI: Pakistan Customs has announced the minimum export value for Kino for the export season spanning December 1, 2024, to May 15, 2025. This initiative aims to standardize export valuations and address concerns raised by various stakeholders in the fruit export sector.
Under Valuation Ruling No. 4/2024, the minimum export value of Kino has been set at $410 per metric ton for most markets. For exports to Afghanistan, specifically for B and C grade Kino, the value has been established at $310 per metric ton.
Background of the Valuation Process
This valuation exercise was undertaken following directives from the Federal Board of Revenue (FBR) and the Ministry of Commerce. The FBR, through a letter dated January 18, 2023, instructed the Directorate of Customs Valuation, Lahore, to determine export values for certain commodities, including Kino. Subsequently, the Directorate initiated the process under Sections 25 and 25A of the Customs Act, 1969.
Stakeholder Engagement and Analysis
Four meetings were convened with key stakeholders, including representatives from the Trade Development Authority of Pakistan (TDAP), the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), the All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA), and Kino exporters. These consultations, held between May and November 2024, involved detailed deliberations on valuation criteria. Stakeholder proposals, supporting documents, export data from PRAL, and market trends were thoroughly reviewed to finalize the export values.
Methodology and Implementation
The valuation process adhered to Section 25 (15) of the Customs Act, incorporating export data, international market trends, and stakeholder feedback. If declared transaction values exceed the determined customs values, the higher declared values will apply, ensuring fairness in assessments.
Validity and Appeal Provisions
This valuation ruling remains effective until revised or rescinded by competent authorities. Exporters may appeal this ruling within 30 days under Section 25D of the Customs Act. Customs officers are directed to apply these values consistently and address any anomalies promptly.
The ruling emphasizes accurate declarations and compliance with export regulations to avoid discrepancies and facilitate smooth trade operations. Stakeholders may request revisions by submitting proposals with justifications to the Directorate. This collaborative framework seeks to ensure transparency and equitable practices in Kino exports.
