Islamabad, Feb 18: The Directorate General of Customs Valuation in Karachi has established revised customs values for desiccated coconut imports, ranging from $1 per kg to $1.6 per kg, applicable to all countries of origin. The updated valuation was issued under Valuation Ruling No. 1970 of 2025, following a comprehensive review of import data, prevailing market trends, and price variations.
To ensure transparency, a stakeholder meeting was conducted, where importers and industry representatives were invited to present their views regarding the customs valuation process. Participants were requested to provide relevant import documentation to support their claims. The valuation determination process adhered to Sections 25 and 25A of the Customs Act, 1969, ensuring compliance with regulatory standards.
A thorough analysis of the past 90 days of import data was carried out, with declared values being cross-referenced with market trends. Additionally, an independent market survey was conducted to validate pricing structures. This evaluation was conducted in accordance with the guidelines set by the Directorate’s Office Order and within the framework of Section 25(7) of the Customs Act, 1969.
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Following a meticulous assessment, the customs value of desiccated coconut imports, categorized into high-fat and low-fat variants, was determined by factoring in the necessary adjustments, including profit margins and import costs. As a result, the finalized Customs Value is now the official benchmark for assessing duties and taxes on these imports.
The updated valuation ensures a fair and transparent taxation process while aligning import values with market realities. Importers and businesses dealing in desiccated coconut are advised to review these changes and comply with the newly set customs values to avoid discrepancies during clearance procedures.
