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Customs Valuation department faces loose end, vows to reschedule database

Customs Valuation department faces loose end, vows to reschedule database

KARACHI: The Directorate of Customs Valuation is facing a loose end in issuance of new valuation rulings.

In a recent meeting , it was decided that the Collectorate will not rescheduled database in June, new valuation and the old valuation will be reschedule and there will be a shuffle in prices.

Sources said that the determination of more than 50 value of the association, such was in the last two years, but importers has been in the pipeline for them to consider their prices again emphasize the new pricing. Now in June there were only 4 of the new Valuation rulings have been released.

On condition of anonymity, a source told Customs Today that the valuation department does not take solo decision, whenever the old prices are to be revised, all the stake holders are taken into confidence.