{"id":68804,"date":"2025-03-23T12:13:12","date_gmt":"2025-03-23T07:13:12","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=68804"},"modified":"2025-03-23T12:13:12","modified_gmt":"2025-03-23T07:13:12","slug":"fbr-issues-new-customs-values-on-import-of-pins-from-china","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/fbr-issues-new-customs-values-on-import-of-pins-from-china\/","title":{"rendered":"FBR issues new customs values on import of pins from China"},"content":{"rendered":"

KARACHI: The Directorate General of Customs Valuation Karachi has issued new customs values<\/a> for the import of safety pins, paper pins, and scarf pins (low-end brands) from China, as per Valuation Ruling No. 1983 of 2025.<\/p>\n

The<\/span> reason<\/span> for<\/span> this<\/span> is<\/span> that<\/span> the previous<\/span> valuation ruling had<\/span> existed<\/span> for<\/span> over seven years and<\/span> was considered<\/span> old<\/span> and<\/span> out<\/span>–<\/span>of<\/span>–<\/span>date<\/span>. The directorate<\/span> commenced<\/span> the<\/span> assessment<\/span> of customs values under section<\/span> 25A of the Customs Act of<\/span> 1969 and<\/span> invited<\/span> all<\/span> stakeholders to attend<\/span>, but no<\/span> stakeholders<\/span> turned<\/span> up<\/span>, so<\/span> they<\/span> conducted<\/span> their<\/span> analysis<\/span> under\u00a0section<\/span> 25 of the Customs Act of<\/span> 1969.<\/span> <\/a><\/p>\n

The<\/span> evaluation<\/span> was<\/span> based<\/span> on<\/span> the sequence<\/span> of<\/span> value<\/span> methods<\/span> contained<\/span> in<\/span> section<\/span> 25<\/span>.<\/span> The<\/span> transaction value method could<\/span> not<\/span> be<\/span> applied<\/span> because<\/span> the\u00a0value<\/span> of<\/span> the<\/span> declared value<\/span> was<\/span> not<\/span> consistent<\/span> with the<\/span> market value<\/span>.<\/p>\n

Similarly, the<\/span> value<\/span> of identical and similar goods<\/span> could<\/span> not<\/span> be<\/span> involved<\/span> due to a<\/span> lack<\/span> of evidence<\/span> regarding<\/span> quality and quantity. The<\/span> directorate<\/span> conducted market<\/span> inquiries<\/span> under\u00a0Office Order No. 17\/2014, to collect<\/span> actual prices in<\/span> wholesale and retail markets throughout<\/span> Pakistan<\/span>.<\/p>\n

They<\/span> also<\/span> analyzed\u00a0clearance<\/span> data, market information, and online data to finalize<\/span> customs values under\u00a0section<\/span> 25 (7) of the Customs Act of<\/span> 1969. The<\/span> entire<\/span> process was<\/span> an<\/span> attempt<\/span> to<\/span> ensure<\/span> customs values are<\/span> standardized<\/span>,<\/span> in<\/span> consideration<\/span> of<\/span> local and<\/span> international<\/span> markets<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: The Directorate General of Customs Valuation Karachi has issued new customs values for the import of safety pins, paper pins, and scarf pins (low-end brands) from China, as per Valuation Ruling No. 1983 of 2025. The reason for this is that the previous valuation ruling had existed for over seven years and was considered […]<\/p>\n","protected":false},"author":9,"featured_media":68805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[27343,131,27342],"class_list":["post-68804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-customs-act-of-1969","tag-fbr","tag-import-of-pins-from-china"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/68804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=68804"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/68804\/revisions"}],"predecessor-version":[{"id":68806,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/68804\/revisions\/68806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/68805"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=68804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=68804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=68804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}