Daily Archives: December 3, 2017

Suiting fabric’s valuation increased on rising price trend in international markets

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KARACHI: Directorate General of Customs Valuation has enhanced the values of viscose suiting fabrics considering the higher trend of prices in international markets.

Customs values of white oil revised on reports of gross under-invoicing

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KARACHI: Directorate General of Customs Valuation has revised values of white oil for determination of duty and taxes. The valuation has been revised on the information that the item was grossly under-invoiced.

Pakistan Customs issues fresh valuation for grey, bleached fabrics for determination of duty, taxes

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KARACHI: Directorate General of Customs Valuation has issued fresh customs valuation of grey fabric and bleached fabrics as per prevailing international prices in order to determine duty and taxes at the time of clearance.

FBR directs creating WeBOC function to implement court order on regulatory duty

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KARACHI: Federal Board of Revenue (FBR) has directed Director Reforms and Automation (Customs) to create necessary functionality in the WeBOC system in order to implement regulatory duty as per court decision.