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

DG Valuation revises customs value of fresh dates through VR No 1133/2017

byWaqar Ahmed Ansari
19/04/2017
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The Directorate General of Customs Valuation has revised the customs value of Fresh Dates through Valuation Ruling No 1133/2017 under Section 25A of the Customs Act, 1969.According to details,

Customs values of Dates of various types from different origins were determined vide Valuation Ruling No. 1014/2017 dated 17­01-2017. Some importers/stakeholders agitated the values before the Director General Customs Valuation under section 25-D of the Customs Act, 1969. The Director General Customs Valuation vide Order-In-Revision No. 324/2017 dated 07-04-2017 remanded the matter back to the Director to extent of Zahidi dates only. Therefore a fresh exercise was initiated to re-determine the values of Fresh Dates.

You might also like

Govt plans 7-year car installment scheme with loans up to Rs10m

14/05/2026

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

14/05/2026

A meeting for the determination of customs values of Zahidi Dates with stakeholders was held on 18-04-2017 which was duly attended by all the stakeholders, however, the representative of MCC, Quetta, and the Chambers of Commerce and Industry Quetta and Chaman could not attend the meeting despite being invited to the same for their valuable input. The representative from All Pakistan Dry Fruit Importers and Exporters Association, Quetta attended the meeting. The representatives from MCC Appraisement West shared their market inquiry and contributed to the working of this Directorate. All the stakeholders strongly contended and requested that the said Valuation Ruling may be reviewed in light of prevailing international and local market prices and further contended that the market surveys may be conducted from wholesale markets. The view point of all participants was heard in detail and considered to arrive at customs value of subject goods. It was also highlighted that the goods under consideration are perishable items and therefore miscellaneous margins may be adjusted while applying the deductive method of section 25(7) of the Act. The contentions of all stakeholders were given due consideration.

Valuation methods provided in  Section 25 of the Customs Act, 1969 were duly followed and applied sequentially to address the valuation issue at hand. Transaction value method provided in Sub-Section (1) of Section 25 was found inapplicable because the requisite information was not available as per law. Identical I similar goods value method provided in Sub-Sections (5) & (6) of Section 25 ibid were examined for applicability to determine Customs value of subject goods, this data provided some references.

Related Stories

Govt plans 7-year car installment scheme with loans up to Rs10m

byCT Report
14/05/2026

LAHORE: The federal government is considering a major overhaul of auto financing rules that would allow long-term car installment plans...

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

byCT Report
14/05/2026

ISLAMABAD: The Ministry of Railways has presented a detailed plan in the National Assembly for the upgradation of the 1,726-kilometre...

Federal capital needs proper representation in NFC Award: ICCI

byCT Report
14/05/2026

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Tahir Mehmood has called for the immediate inclusion of Islamabad...

FBR plans AI-based system to detect false tax return data

byCT Report
14/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax monitoring system through the upcoming Finance...

Next Post

Direct wealth tax should be charged to increase revenue collection

  • 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.