Islamabad, Jan 12: The Directorate General of Customs Valuation Karachi has announced a revised customs/export value for seasonal fruits, including Kino, effective from January 7, 2025, to May 15, 2025. The new valuation, issued under ruling number 5 on Saturday, reflects changes in export pricing aimed at streamlining trade practices.
The Export (freight on board) FOB value for Mandarins, including tangerines, satsumas, and Kino, has been set at US$410 per metric ton (MT). This value will also serve as the Minimum Export Price (MEP) for Kino exports. Notably, the previous lower valuation of US$310 per metric ton for exports to Afghanistan has been abolished, ensuring uniform pricing across markets.
Previously, the customs value of Kino was determined in December 2024 for the export season running from December 1, 2024, to May 15, 2025. The new ruling updates this valuation to reflect recent market trends and stakeholder inputs.
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The Federal Board of Revenue (FBR), in coordination with the Ministry of Commerce, directed the Directorate of Customs Valuation Lahore to reassess export values for selected commodities. This exercise was conducted under Sections 25A and 25(15) of the Customs Act, 1969.
The valuation process included four comprehensive meetings involving key stakeholders such as:
Trade Development Authority of Pakistan (TDAP). Federation of Pakistan Chambers of Commerce & Industry (FPCCI). All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA). Major Kino exporters.
During these discussions, stakeholders provided detailed proposals, supporting documents, price trend analyses, and export data sourced from PRAL. These inputs were thoroughly examined to determine the revised valuation.
The updated valuation aims to standardize Kino export pricing and enhance revenue from international markets. By eliminating the lower export value for Afghanistan, the government seeks to promote fair trade practices and ensure competitiveness in global markets. Exporters are advised to comply with the new valuation ruling to avoid penalties and support the growth of Pakistan’s fruit export industry.
