KARACHI: The Federal Board of Revenue’s Directorate General of Customs Valuation has issued valuation rulings of paint brushes and roller brushes.
Customs Valuation Director Wasif Memon revised the customs values of paint brushes and roller brushes vide Valuation Ruling No. 893/2016.
It is pertinent to mention that the values of paint brushes and roller brushes have increased in the international market as compared to the determined Customs values of Paint Brushes and Roller Brushes vide Valuation Ruling No.463/2012. The values required revision in line with the prevailing prices in the international market. Therefore, an exercise for determination of customs value for Paint Brushes and Roller Brushes was undertaken.
