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 values for ammunition imports vide VR No.1995/2025

byCT Report
04/04/2025
in Breaking News, Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Directorate General of Pakistan Customs has issued Valuation Ruling No. 1995 of 2025, establishing updated customs values for ammunition.

This decision directly impacts how duties and taxes are calculated at the import stage and aims to ensure greater uniformity and transparency in valuation practices.

You might also like

Finance minister discusses REITs growth with stakeholders

02/05/2026

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

02/05/2026

The ruling, issued under Section 25A of the Customs Act, 1969, provides new customs benchmarks specifically for ammunition of various calibers and origins. These customs values are to be treated as the minimum threshold for duty assessment until revised or rescinded by the competent authority. The ruling will remain in effect unless formally amended under the specified legal provisions.

The customs valuation process was initiated following repeated concerns from stakeholders over the existing valuation levels of ammunition, which were deemed higher than prevailing market realities.

A formal meeting was held with stakeholders on January 31, 2025, where importers and industry representatives presented their viewpoints. Participants were asked to submit supporting import documentation to justify the revision in ammunition values.

In order to determine the appropriate customs values, the Directorate of Customs carried out a comprehensive analysis.

This included evaluating ninety days of import data, cross-referencing declared values, and conducting market surveys. Multiple valuation methods under Section 25 of the Customs Act, 1969 were considered in sequence.

Due to a lack of consistent documentary evidence, the transaction, identical, and similar goods methods were found insufficient. Eventually, the Directorate used the computed and fallback methods under Sections 25(7) and 25(9) to finalize the customs values for ammunition.

The new valuation ruling provides specific customs values for different calibers of ammunition, including .30 bore, 9mm, and .223 Rem cartridges, originating from China and other countries.

Related Stories

Finance minister discusses REITs growth with stakeholders

byCT Report
02/05/2026

ISLAMABAD:Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Saturday chaired a virtual meeting of the Focus Group to...

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

byCT Report
02/05/2026

LAHORE: Prime Minister Shehbaz Sharif held a meeting with Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin...

CM’s advisor Ali Mustafa Dar unveils AI governance plan

byCT Report
02/05/2026

RAWALPINDI: Advisor to the Chief Minister of Punjab on Artificial Intelligence and Special Initiatives, Ali Mustafa Dar, has announced that...

Pakistan’s inflation hits two-year high at 10.9pc in April

byCT Report
02/05/2026

ISLAMABAD: Pakistan’s inflation surged to a near two-year high of 10.9% in April, driven by rising fuel prices, global supply...

Next Post
Old rusty corroded car parts in car scrapyard. Car recycling.Wrecking Machinery Parts wait for reused or to be a part for repair.

DG Valuation determines customs values for old & used autoparts

  • 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.