Imported resin: Customs values for various varieties issued

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued new Customs values of different varieties of resin imported from China, South Africa, Turkey, Taiwan, Korea, the USA, Malaysia, and other origins.

In this regard, the directorate has issued a new ruling on Monday.

According to the new ruling, the Customs values of Phenolic Resin, Polyurethane Resin, Polyurethane Resin (Pre-polymer for Shoe Sole), Melamine Resin, and Epoxide Resin were last determined vide Valuation Ruling No 2013-2025 under Section 25A of the Customs Act, 1969. The ruling was more than nine months old. During this period, the international prices of key constituent raw materials increased substantially.

These upward price movements necessitate a fresh review and re-determination of Customs values. Moreover, several importers approached this Directorate requesting a separate determination of Customs values for Thermoplastic Polyurethane (TPU), which is imported under PCT heading 3909.5000. Therefore, this Directorate initiated fresh proceedings for the determination/revision of Customs values of subject goods under Section 25A of the Customs Act, 1969.

A meeting for the determination of Customs values of subject goods was held on the aforesaid date. It was attended by representatives of the Pakistan Footwear Manufacturers Association (PFMA) and other stakeholders. For valuation, ninety (90) days’ import data was retrieved and examined. The data reflected variations in declared values depending on origin and finishing. The Directorate has considered all available data and determined that the revised values appropriately reflect prevailing international prices of the subject goods.

The computed value method under Section 25(8) was also examined. Although complete and verifiable cost data from the country of export was not fully available, indicative international price trends of key raw materials were analysed as cost components of the subject goods, which indicated an upward movement. These indicative inputs have been taken into account to assess the reasonableness of the determined Customs values in light of prevailing global price trends. Accordingly, the Customs values of the subject goods have been determined under Section 25(9), read with Sections 25(6) and 25(8) of the Customs Act, 1969, based on analysed import data and indicative cost factors, the ruling added.

Copyright Business Recorder, 2026