Valuation Ruling No. 1585/2021 against Custom Values of Plastic Baby Feeders

under-invoicing cases to be processed under money laundering laws

  Determination of Custom Values of Plastic Baby Feeders Under Section 25A of the Custom Act, 1969 Valuation Ruling NO. 1585/2021 C.No.MISC/18/2018-II/1039 Dated: 14-12-2021 Sr. No. Description of Goods PCT PCT for WeBOC Origin Custom Value (C&F) US$/kg (1) (2) (3) (4) (5) (6) Plastic Baby Feeders 1 Avent Brand 3923.3010 3923.3090 3923.3010.1000 3923.3090.1000 U.K. […]

Bottlenecks and resulting supply shortages to persist for some time

It might be a long wait before prices stabilize for everyone This whole year has been nothing less than apocalyptic for several economies. Port congestions brought forth series of business conundrums, aggravated by climate-related pressures. Soaring shipping rates also became the public enemy. Obsession with inflation warranted When port congestion dominated headlines, many businesses were either […]

Indonesia made up the steel shortfall for China

Steel-Industry

China’s declining steel supply became an opportunity for Indonesia The United Kingdom-based steel analyst, MEPS, increased its global crude stainless steel production forecast to 56.8 million tones for 2021. It observed that Indonesia had also overtaken India to be the second largest stainless steel producer. The stage for 2022’s growth China was battered by an […]

Historic step – Islamabad-Tehran-Istanbul Road Corridor Becomes Operational for Trade

historic-step-islamabad-tehran-istanbul-road-corridor-becomes-operational-for-trade

ISLAMABAD – The first two National Logistics Company (NLC) Trucks carrying goods from Pakistan reached Turkey via Iran, under the Transports Internationaux Routiers (TIR) convention. A ceremony was held on Friday at Murat Bey Customs Post in Istanbul to mark the launch of the tri-nation road corridor. The NLC trucks departed from Karachi on September […]