The customs values of imported empty tin cans are updated by the Directorate General of Customs Valuation Karachi for all foreign suppliers. In the details, the directorate has released the Valuation Ruling No. 2022/2025 on Thursday reversing the previous ruling No. 1962/2025.
The development was after M/s Fine Daily (Pvt) Ltd. challenged the case by resolving a review appeal against the Customs Act, 1969 [Section 25D]. Acting on Order-in-Revision No. 281/2025, the Director General referred the case back with the directions to the Directorate to review the matter fully taking into account documentary evidence and the input of stakeholders.
In the re-evaluation process, M/s. Fine Daily provided records which are related to advanced market prices and also indicated its high share in the local industry. Induction on the other hand, some stakeholders claimed that the exchange rate of the US dollar had risen steeply coupled with inflation which has been harmful to their businesses compelling the authorities to harmonize the customs valuation with the world prices of the raw materials. Additional documents were availed to be reviewed.
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The directorate conducted thorough hearings and evaluated all the positions in detail and made sure that all the concerns were heard. The new price was arrived at after carrying out an extensive review that focused on trends, imports and market dynamics of the products, as well as concerns of fairness and transparency.
The ruling sets new standards on importation of empty tin cans as this offers a harmonized view on industry interest and regulatory requirements.
