ISLAMABAD: Directorate General of Customs Valuation Karachi has revised upwards customs values on the import of different varieties of fresh dates from Iran, Iraq, Saudi Arabia and the United Arab Emirates (UAE) during the current winter season.
According to a new valuation ruling issued by the directorate on Friday, the customs values have been increased on the import of different types of fresh dates including Zahidi, Muzafati, Rabbi/ Piarom, Ajwa and Amber.
Earlier, the Customs values of Fresh Dates were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.1749/2023. An exercise has been undertaken by this Directorate to re-determine the Customs values afresh in line with values prevalent in the international market.
DGCV revises Customs value of fresh dates
The assessed values in similar goods import data Fresh Dates of various types for the last 90 days of various origins reflected values as per previous VR No.1749/2023. However, Declared Values (DV) of similar goods had showed consistent variations. Hence, this method was also found inapplicable. The market enquiry was also conducted but could yield results to some extent because of variation in market prices, ruling said.
The reduction of 8% shall be admissible on above determined values on account of freight charges, if goods are imported through land route and thereafter actual land freight charges Incurred for respective land import station shall be added, the ruling added.
Copyright Business Recorder, 2023
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