KARACHI: To ensure precise assessment of customs duty, the Directorate General of Customs Valuation through a ruling issued under section 25-A of the Customs Act, 1969, revised values on the import of toffees, candies and sugar confectionery from China, Middle East, Turkey, Europe, USA and Far Eastern countries.
As per the ruling, revised customs value, candy, toffee, compound chocolate, lollypop, fruittella polo mentos, jelly have been fixed between $1-2.15 per kg on imports from China, Far East, Middle East/ Turkey, Europe/USA. The Directorate General of Customs Valuation to the step in view of the persistent complaints regarding imports of these items at under-invoiced values which was causing loss of public revenue. The valuation methods given in Section 25 of the Customs Act, 1969 were followed.
