Customs values for imported carpets revised

Karachi's Customs Directorate has updated valuation guidelines for imported nylon, polyester and polypropylene carpets. The new values set benchmark rates at USD 2.45 per square metre for certain nylon tufted carpets and USD 1.95 per square metre for specified polypropylene/polyester woven carpets. These revised rates replace the previous 2016 ruling, which had been in effect for over a decade.

The Directorate conducted a fresh valuation review after analyzing current international prices, recent import trends and relevant technical data. Stakeholders were invited to submit their views and documentation, but the Directorate ultimately determined customs values based on the most reliable information available. The new ruling applies to various carpet types and categories, with specific weights and specifications outlined.

Assessment methods include transaction value, identical and similar goods, deductive value, and computed value, though some were deemed unsuitable due to unavailable or inconsistent information. If actual transaction values exceed the determined customs values, assessment will be based on the higher amount. Importers of the affected goods expressed satisfaction with their declared transaction values, citing genuine pricing and a decline in imports.

The Directorate's decision will impact goods matching the described specifications, with the listed HS codes provided for reference only.