Latest news with #CustomsValuation
Business Recorder
2 days ago
- Business
- Business Recorder
Values on import of 22 types of power tools revised
ISLAMABAD: The Directorate General of Customs Valuation, Karachi has revised customs values on the import of 22 different types of power tools from all origins. The Directorate has issued a valuation ruling (2021 of 2025) on Wednesday. The Directorate had issued Valuation Ruling No 1908/2024 dated 03.10.2024 for power tools which was subsequently challenged by the stakeholders before the Director General, Valuation, Karachi under Section 25-D of the Customs Act, 1969. The Director General, Valuation vide Order-in-Revision 6412024 dated 03.12.2024 rescinded valuation ruling under Section 25-D of the Customs Act, 1969. The Director, Customs Valuation, Karachi, was directed to undertake a fresh exercise under Section 25A, ensuring proper stakeholder consultation and application of valuation methodologies in sequence. Accordingly, in pursuance of analysis of import data, current market trends, the difference in market prices and customs values, an exercise for the re-determination of customs values of subject goods was initiated under Section 25 and 25A of the Customs Act, 1969. During the meeting, M/s MA Tools proposed that, as per CGO 05/2022, the unit of measurement be 'piece' and voltage/wattage be included as a classification criterion. Other importers recommended removing branding and categorisation of power tools except for 'A' category Japanese brands. They noted that the previous VR was based on Category B (C: B x 0.6, A: B ' 3) and raised concerns over the non-disclosure of QY Research, stressing that if it is used, lower values from the same source should also be accepted. They added that over 600 items fall under this category and highlighted the possibility of concealment if assessed on a per-unit basis. To determine the transaction values of the subject goods, the valuation methods prescribed under Section 25 of the Customs Act, 1969 were applied sequentially. The Transaction Value Method, as provided under subsection (l) of Section 25 was found inapplicable since the declared values did not align with prevailing market prices. Similarly, the methods based on the values of identical and similar goods under sub-sections (5) and (6) could not be exclusively relied upon due to the lack of evidence regarding the commercial level, quality, and quantity of the goods. Consequently, the Deductive Value Method, as outlined in sub-section (7) of Section 25, was employed to determine the customs values. In accordance with the procedure specified in Office Order No 1712014 dated 19.03.2014, a market inquiry was conducted. However, it could only yield results to some extent because of variations in market prices. In line with statutory sequential order of Section 25, computed value method, as provided in Section 25(8) of the Customs Act, 1969 was examined, but the same also could not be applied as the conversion cost from the constituent materials and allied expenses, in the country of export, were not available. Finally, the Customs values of the subject goods have been determined under Section 25(9), read with Section 25(7), of the Customs Act, 1969 and rule l2l of Customs Rules, 2001. In light of above, the customs values of power tools are determined and hereinafter specified shall be the customs value for assessment of duty/taxes given against therein, the FBR added. Copyright Business Recorder, 2025
Business Recorder
18-07-2025
- Business
- Business Recorder
Printing & packaging industry and paper merchants: Director of Customs Valuation under fire for ‘mismanagement'
KARACHI: The printing & packaging industry, along with paper merchants, have expressed serious concerns over persistent inefficiency, lack of transparency, unprofessional conduct, and habitual delays by the Directorate of Customs Valuation, Custom House, Karachi. The business community accuses the Director of Customs Valuation of mismanaging valuation procedures, causing operational disruption and widespread financial uncertainty across key sectors. A valuation meeting was held on 03 June 2025, under Section 25A of the Customs Act, 1969, covering HS Codes 4811-4100 & 4900. Representatives from the Printing & Packaging industry and other stakeholders attended, providing complete documentation to support current import prices. Submissions included certificates from the Chinese Ministry of Commerce, export bills, Free Trade Agreement (FTA) certificates, and other legally recognized evidence to justify the declared C&F values. Despite the comprehensive and timely submission, the Director Valuation took 22 days to issue the ruling—and when issued, it reflected drastically higher customs values. Stakeholders allege that the ruling was issued without proper examination of the evidence and without citing any legal deficiencies—violating the Directorate's obligation to either accept or reject values based on verifiable, reasoned, and lawful grounds. Matters further deteriorated following another valuation meeting held on 04 June 2025, regarding Coated Packaging Board under HS Code 4810.9290. Even after 45 days, the valuation ruling remains pending. Industry representatives once again urged the Directorate to finalize the ruling promptly, noting that if the submitted values were unsatisfactory, the Directorate should use available customs data to revise them—thus enabling importers to seek legal remedies. However, the Director reportedly responded dismissively, stating: 'I will not take dictation' and insisted that the ruling would be issued 'when the time conies, offering no timeline or clarity on the process, Alarmingly, the Director also allegedly imposed a condition—seeking assurance from stakeholders that the ruling would not be challenged before a higher legal forum. This demand, perceived as coercive and beyond the scope of lawful authority, has further eroded trust and raised serious concerns over procedural integrity within the valuation process. These ongoing delays and the lack of professional accountability have triggered widespread panic, mistrust, and uncertainty in the trade community. Importers and manufacturers are facing severe disruptions in procurement planning, cost structures, and fulfillment of contractual obligations due to the Directorate's indecision. The Printing & Packaging Industry, Paper Merchants, and allied trade bodies strongly urge the Member Customs, FBR, to intervene immediately and hold the Directorate accountable for these unwarranted delays. They demand the issuance of clear instructions to ensure that Valuation Rulings are finalized within fifteen (15) days of any valuation meeting, in line with established procedures and administrative fairness. Stakeholders emphasize that timely and transparent decision-making is essential to safeguard trade confidence, ensure supply chain continuity, and uphold the credibility of Pakistan Customs. Copyright Business Recorder, 2025
Zawya
21-04-2025
- Business
- Zawya
Saudi: ZATCA opens licensing for customs consultants
RIYADH — The Zakat, Tax and Customs Authority (ZATCA) has announced that individuals interested in entering the customs consulting field can now apply for a license to practice the profession, as part of a broader effort to raise professional standards and improve the quality and efficiency of customs services. In a press release, ZATCA stated that applications for the Customs Consulting License are now open through the E-Services portal on its official website. Applicants must meet all stipulated requirements and criteria to be eligible for licensing. This initiative aims to professionalize and advance the customs consulting sector by ensuring consultants are equipped to provide accurate and reliable guidance. The licensing system is designed to strengthen compliance with customs regulations, including the Customs Tariff, Customs Valuation, Rules of Origin, and other key procedural areas. By empowering licensed consultants to deliver high-quality advisory services, ZATCA seeks to enhance trade facilitation, promote regulatory clarity, and support the Kingdom's vision of becoming a leading global logistics hub. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
18-04-2025
- Business
- Saudi Gazette
ZATCA opens licensing for customs consultants
Saudi Gazette report RIYADH — The Zakat, Tax and Customs Authority (ZATCA) has announced that individuals interested in entering the customs consulting field can now apply for a license to practice the profession, as part of a broader effort to raise professional standards and improve the quality and efficiency of customs services. In a press release, ZATCA stated that applications for the Customs Consulting License are now open through the E-Services portal on its official website. Applicants must meet all stipulated requirements and criteria to be eligible for licensing. This initiative aims to professionalize and advance the customs consulting sector by ensuring consultants are equipped to provide accurate and reliable guidance. The licensing system is designed to strengthen compliance with customs regulations, including the Customs Tariff, Customs Valuation, Rules of Origin, and other key procedural areas. By empowering licensed consultants to deliver high-quality advisory services, ZATCA seeks to enhance trade facilitation, promote regulatory clarity, and support the Kingdom's vision of becoming a leading global logistics hub.
