KARACHI: The Directorate General of Customs Valuation has issued Valuation Ruling No. 1224/2017 to determined valuation of grey fabric and bleached fabrics.
Customs values of polyester grey fabric were determined via valuation ruling 771/2015 issued on November 18, 2015. Since the existing valuation ruling was about two years old, therefore, there was a need to re-determine the customs values of polyester grey fabric in accordance with prices in international market.
The directorate fixed the customs values at $3.8 per kilogram on import from China and at $3.9/kg on import from other origins. Similarly, the customs value for polyester bleached fabric has been fixed at $3.95/kg on import from china and $4.10/kg on import from other origins.
The directorate said that to set the prices meetings with stakeholders including commercial importers, All Pakistan Textile Mills Association (APTMA) and representative of clearance collectorates were scheduled on August 15, August 25 and November 21, 2017 to discuss the current international price trend of the subject goods.
It further said that during the stakeholders meetings, the representatives of APTMA and MCC Appraisement West Karachi had requested the valuation ruling should be revised upward in the light of prevailing international market prices.
