ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed new customs values for different types of refrigeration gases imported in bulk and retail packaging.
The directorate has issued a valuation ruling number 2066 of 2026 on Friday.
The new ruling revealed that the customs values for refrigeration gases in bulk and retail packing were determined vide Valuation Ruling No. 2033-2026, which had superseded Valuation Ruling No. 1918, 2024.
The said Valuation Ruling No.2033-2026 was challenged before the Director General under Section 25D of the Customs Act, 1969.
The Director General, vide Order-in-Revision No. 0212026 dated March 6, 2026, rescinded the Valuation Ruling No. 2033-2026 with some observations.
In view of the foregoing legal infirmities and not taking into account the conditions for determination of value as provided under provision of Section 25(6)(a) of the Customs Act, 1969, the values so determined vide Valuation Ruling No.2033-2026 dated January 7, 2026 were rescinded with the directions to the Directorate to conduct a fresh exercise and determine customs values of the impugned goods afresh in strict adherence to valuation methods provided in Section 25 of Customs Act,1969 and relevant rules.
A fresh exercise was initiated by the Directorate for the determination of customs values for refrigeration gases imported in bulk and retail packaging.
The meeting was attended by the petitioners in Order-in-Revision No.0212026 and other relevant stakeholders.
The issue pertaining to the valuation of subject goods was deliberated upon in detail. Submissions, along with proposed values, were made by the participants. The proposed values were taken into consideration. The importers were requested to submit requisite evidence and documents, including Export GDs, Sales Tax Invoices, and Sales Tax Returns, in support of their contentions. The participants were requested to provide written arguments, literature, and other relevant documents to the Directorate to finalize the customs values.
The submissions and contentions of the stakeholders were duly examined in the light of the observations of the Director General in-Revision No 0212026 dated 06-03-2026.
For the determination of customs values of subject goods, a 90-day import data was retrieved, and the same was thoroughly scrutinized, taking into account the actual transactional values of identical and similar goods at the same commercial level and in substantially the same quantities. International market trends, prevailing prices from Chinese and other origins, and the sensitivities of refrigeration gas pricing to demand fluctuations, quota allocations, and volume-based discounts were duly discussed. Moreover, a market inquiry has been conducted and examined in terms of Section 25(7) of the Customs Act, 1969, and in the light of this Directorate’s Office Order.
Finally, the customs values of the subject goods have been determined under Section 25(9), read with Section 25(6) of the Customs Act, 1969, and Customs Rule 121(2) of Customs Rules, 2001, which provide that the methods of valuation, to be employed under sub-section (9) of section 25 of the Act may be inclusive of those laid down in sub-sections (l), (5), (6), (7) and (8) of the said section, but a reasonable flexibility in the application of such methods would conform with the aims and provisions of sub-section (9) of that section, the ruling added.
Copyright Business Recorder, 2026
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