China/South Korea: New values on import of thermal paper/fax machine paper fixed
ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of thermal paper/fax machine paper from China/South Korea.
In this regard, the directorate has issued valuation ruling number 2099 of 2026 on Monday.
According to the ruling, the customs values of Thermal Paper/Fax Machine Paper in Rolls were determined under Section 25A of the Customs Act, 1969, vide Valuation Ruling No.1767-2023. However, the aforesaid Valuation Ruling had remained in force for more than three years and required revision in light of the prevailing international market prices of the subject goods.
Accordingly, this Directorate undertook an exercise to re-determine the Customs values of the goods.
Stakeholders’ participation in determination of Customs values: During meeting various stakeholders submitted that the values determined in the aforesaid Valuation Ruling were no longer reflected the prevailing international market prices.
Accordingly, an exercise was initiated by this Directorate to determine afresh the values of the subject goods keeping in view current international trade prices, import data, and other relevant information available, in accordance with the applicable provisions of the Customs Act, 1969.
The viewpoints expressed by stakeholders during consultations were carefully analyzed and 90 days import data thoroughly examined, along with the documents submitted by importers.
A supplier-wise database was developed containing brand information, declared values, and specifications of the imported goods. The analysis provided reliable insights into prevailing pricing patterns and product variations and revealed consistent ratios across different categories. Notably, the findings derived from this data contradicted several claims made by importers regarding the fairness and accuracy of their declared transaction values in accordance with Section 25 of the Customs Act, 1969.
The viewpoints expressed by stakeholders during consultations were carefully analyzed and 90 days import data thoroughly examined, along with the documents submitted by importers.
A supplier-wise database was developed containing brand information, declared values, and specifications of the imported goods. The analysis provided reliable insights into prevailing pricing patterns and product variations and revealed consistent ratios across different categories.
Notably, the findings derived from this data contradicted several claims made by importers regarding the fairness and accuracy of their declared transaction values in accordance with Section 25 of the Customs Act, 1969, the ruling added.
Copyright Business Recorder, 2026