Category Archives: Customs Valuation

FBR issues last weekly ATL-2016; 1.42m returns filers recorded

ISLAMABAD: Federal Board of Revenue (FBR) has issued last weekly Active Taxpayers List (ATL) for Tax Year 2016 on Monday, which shows around 1.42 million annual income tax returns have been filed for the year under review.

Pakistan customs includes valuation of household cameras

KARACHI: Directorate General of Customs Valuation has determined the values of cameras imported for general public consumption (non-professional). The directorate included all the major brands known globally including Sony, Nikon, Fuji Films, Canon and Samsung for determination of imported values to assess duty and taxes at clearance stage.

Customs value reduced by 10pc for chemical used by backing, pharmaceutical industries

KARACHI: Pakistan Customs has reduced monetary value of imported chemical – Ammonium Bi Carbonate – by 10 percent for determination of duty and taxes to be paid at clearance stage.

Up to 21 percent customs valuation reduced for skimmed milk

KARACHI: Pakistan Customs has reduced the customs values up to 20 percent on import of skimmed milk powder for determination duty and taxes at clearance stage.

Customs value for leather shoes fixed up to $70 per pair

KARACHI: Directorate General of Customs Valuation has revised customs values for leather shoes up to $70 per pair for determination of duty and taxes at the time of clearance.

Pakistan Customs issues procedure for determination of customs values of tyres and tubes

KARACHI: Pakistan Customs has introduced new procedure for determination of customs values of tyres and tubes for calculating duty and taxes at the time of clearance.

Customs fixes valuation at $82,000 for clearance of rear engine intercity buses

KARACHI: Pakistan Customs has fixed valuation up to $82,000 per piece for determination of duty and taxes on clearance of China – origin imported rear engine intercity buses.

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

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

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

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.