Islamabad, Mar 23, 2025: The Directorate General of Customs Valuation Karachi has revised the customs values for the import of Safety Pins, Paper Pins, and Scarf Pins (Low-End Brands) from China.
The authorities officially issued a new valuation ruling, numbered 1983 of 2025, on Friday.
Previously, the customs department determined these values under Valuation Ruling No. 1229/2017, which they issued on December 7, 2017.
Given that this ruling has been in effect for over seven years, the Directorate has undertaken a review to reassess the customs values in accordance with Section 25A of the Customs Act, 1969.
Despite notifying all stakeholders for input, no representatives participated in the consultation process.
Consequently, the Directorate proceeded with an independent evaluation to establish accurate customs values, ensuring consistency with international and domestic market conditions.
To comply with Section 25 of the Customs Act, 1969, authorities applied various valuation methodologies sequentially.
They found the transaction value method, outlined in subsection (1) of Section 25, unsuitable because the declared values did not match prevailing market prices.
Additionally, they had to limit reliance on the valuation of identical and similar goods under Sections 25(5) and 25(6) due to the lack of verifiable commercial evidence regarding the goods’ quality and quantity at a commercial scale.”
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To ensure an accurate assessment, the team conducted a comprehensive market inquiry following the guidelines set in Office Order No. 17/2014.
They visited various wholesale and retail markets to obtain real-time pricing data and adjusted the collected figures to reflect market profitability trends.
Further analysis incorporated clearance data of similar or identical goods, online market research, and international pricing trends.
Based on this extensive research, authorities have determined the revised customs values for Safety Pins, Paper Pins, and Scarf Pins under Section 25(7) of the Customs Act, 1969.
These adjustments aim to bring transparency and uniformity to the valuation process while aligning import duties with actual market conditions.
We expect this update to provide greater clarity for importers and ensure fair calculation of customs duties, reflecting current economic trends.
The Directorate remains committed to maintaining an equitable customs valuation framework, fostering compliance, and streamlining trade operations.
