Values of imported artificial flowers, plants, trees revised
ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of artificial flowers, plants and trees from China. According to a valuation ruling issued by the directorate, since, the existing Valuation Ruling was 6 years old and the value of subject goods had changed in the local and international market, therefore, it warranted redetermination.…
Islamabad: The Directorate General of Customs Valuation in Karachi has updated the customs values for imported artificial flowers, plants, and trees from China, following a six-year-old valuation ruling. The Directorate determined a new valuation due to changes in local and international market prices and the need for separate valuations for varying goods.
To maintain uniformity and protect government revenue, the Directorate followed Section 25A of the Customs Act, 1969 to determine the customs values. Notices were sent to importers and stakeholders, inviting them to present relevant documents, but none participated in the valuation process. The Directorate examined 90 days of import data and conducted market surveys, finding that local prices for these items are higher.
After considering the most reliable available information, the customs values of the subject goods were determined under Section 25 of the Customs Act, 1969.
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