ISLAMABAD: Directorate General of Customs Valuation Karachi has upward revised customs values on the import of a wide range of branded potato chips from all origins.
In this regard, the directorate has issued a valuation ruling number (1870 of 2024) on Tuesday.
According to the ruling, the directorate has fixed new customs values on the import of Potato Chips brand(Various Flavours)Pringles; Ligo; Chizzpa; Jacker Potato; Kracks; Hunter’s; Mister Chips; Tiffany; Kettle; Potato Chips brand Poppin and other branded chips of different flavours.
Chocolate ingredient: 20pc customs duty imposed on import
The ruling revealed that the Customs values of Potato Chips were determined under section 25A of the Customs Act, 1969.
The existing valuation ruling was around seven years old and the customs values determined therein were not reflective of prevailing international market. Therefore, an exercise has been undertaken by this Directorate to determine the same.
In this regard, the meeting was held in the Directorate of Customs Valuation, Karachi. Ninety days’ clearance data has been retrieved and the same has been scrutinized.
Copyright Business Recorder, 2024
Comments
Comments are closed.