KARACHI: The Federal Board of Revenue’s Directorate Customs Valuation has increased the values of Chinese-origin tiles by 12 per cent with immediate effect.
The valuation of Chinese tiles has been surged on the direction of Customs Valuation Director General Syed Tanveer Ahme after the tiles manufacturers had approached the Directorate General for seeking upward revision in the values of tiles and ceramics determined vide Valuation Ruling No.874/2016.
The Directorate General observed that in some categories like 12″x12″, 12″x18″, 16″x16″ the values have been decreased whereas in rest of the categories the values have remained as such. These are the sizes which are mostly traded. If there is a downward trend then whole range of values had to be lowered down but it was observed that values were declined in only three categories in ceramic and porcelain whereas rest of the values remained unchanged.
During market inquiry it was found that prices of ceramic, porcelain etc. varied as per color, design, quality etc. The director general observed that the prices have been fixed on lower side for Chinese origin tiles.
