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

QCCI urges review of customs valuation for Iranian scrap imports

byCT Report
19/08/2025
in Breaking News, Latest News, National
Share on FacebookShare on Twitter

QUETTA: The Directorate General Customs Valuation Karachi is set to consider a revision of customs values on Iranian origin scrap imported via land routes, following a request from the Quetta Chamber of Commerce and Industry (QCCI).

QCCI President Muhammad Ayub Maryani raised the issue with customs officials, requesting an urgent review of Valuation Ruling No. 63/2025. The chamber argued that the current valuation does not fully reflect the economic realities of Iranian scrap, which is of lower quality and exclusively imported through the Taftan, Panjgur, and Gabd routes due to U.S. sanctions.

You might also like

Khairpur Police recover Rs80m imported cloth stolen from hijacked trailer

07/07/2026

Govt keeps gas prices unchanged despite Ogra’s recommendation

07/07/2026

The QCCI acknowledged the recent US$ 60/MT deduction granted for freight charges under the ruling, but emphasized that this amount does not adequately account for the differences in scrap quality and the unique circumstances of Iranian imports.

In its presentation, the QCCI pointed out that historically, lower-quality Iranian scrap has been subject to deeper discounts, as seen in past valuation rulings and in Sales Tax SRO 170(1)/2008. They requested that the customs authority restore a discount closer to the 35% accorded in VR 1566/2021 or at least match the 37.5% discount from the earlier sales tax policy. The Quetta Chamber has called for a swift and fair reassessment to align with market realities.

Related Stories

Khairpur Police recover Rs80m imported cloth stolen from hijacked trailer

byCT Report
07/07/2026

KHAIRPUR: Khairpur Police have recovered imported cloth worth Rs80 million that was stolen from a trailer hijacked a few days...

Govt keeps gas prices unchanged despite Ogra’s recommendation

byCT Report
07/07/2026

ISLAMABAD: Consumers will not receive lower gas tariffs in FY2026-27 after the federal government decided to retain existing rates despite...

FMCG importers ask FBR to review new packaging rules

byCT Report
07/07/2026

KARACHI: The Pakistan FMCG Importers Association (PFIA) has urged the Federal Board of Revenue (FBR) to review new packaging requirements...

Customs staff seize hashish worth Rs360m from Int’l Mail Office in Karachi

byCT Report
07/07/2026

KARACHI: The Collectorate of Customs at Jinnah International Airport (JIAP) seized 12 kilograms of hashish worth Rs360 million from two...

Next Post

IMF demands greater autonomy for State Bank of Pakistan

  • 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.