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

ICCI, Qureshi community demand modern Islamabad slaughterhouse urgently

02/11/2026

Pakistan highlights strategic role in strengthening economic ties with Central Asia

02/11/2026

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

ICCI, Qureshi community demand modern Islamabad slaughterhouse urgently

byCT Report
02/11/2026

ISLAMABAD: President of the All Pakistan Jamiat-ul-Quresh Meat Welfare Association and Member of the Livestock and Dairy Development Board, Khurshid...

Pakistan highlights strategic role in strengthening economic ties with Central Asia

byCT Report
02/11/2026

ALMATY: Federal Minister for Investment Qaiser Ahmad Sheikh has reaffirmed Pakistan’s potential to emerge as a key trade and transit...

US consortium proposes $4.4b LNG project in Pakistan

byCT Report
02/11/2026

KARACHI: A private consortium of U.S. companies backed by the Trump administration is seeking to invest up to $4.4 billion...

Pakistan takes over SCO Interbank Consortium chairmanship for 2026-27

byCT Report
02/11/2026

KARACHI: Pakistan has assumed the chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for 2026-27, with HBL Chairman Sultan...

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.