KARACHI: Directorate-General Customs Valuation likely to revise the customs values of old and used mobile phones to ensure accurate valuation and fair taxation on imports.
According to an official notice issued by the Directorate General of Customs Valuation, the FBR recently convened a meeting with major stakeholders, including representatives from the Karachi Chamber of Commerce and Industry (KCCI), Lahore Chamber of Commerce, Islamabad Chamber, and Peshawar Chamber, along with key mobile phone importers and manufacturers.
The meeting, held at the Custom House Karachi, was aimed at reviewing the existing customs values of used and refurbished mobile devices imported into Pakistan. Industry representatives were requested to bring detailed records of import invoices, market data, and sales tax documents to support their valuation claims.
The FBR stated that revising customs values would help prevent under-invoicing and smuggling, ensure level playing conditions for local manufacturers, and increase government revenue. Stakeholders were encouraged to provide accurate price comparisons, catalogues, and other supporting documents to finalize a fair valuation structure under Section 25A of the Customs Act, 1969.
Trade associations such as the Pakistan Mobile Phone Manufacturers Association, Mobile Phone Importers and Manufacturers Association, and various electronic goods dealers were also invited to present their views.
The Directorate General emphasized that stakeholder participation is essential to determining transparent customs values for old and used mobile phones, ensuring fair trade practices and compliance across the mobile device import sector.
