DG Customs Valuation determines values of viscose suiting

KARACHI: The Directorate General of Customs Valuation has revised the customs values of viscose suiting sabrics vide Valuation Ruling No. 776/2015.

According to details, the valuation of viscose suiting fabric was determined vide Valuation Ruling No.748/2015. The exercise for revision of the values was initiated in pursuance of the FBR’s directives to conduct de-novo exercise of valuation of imported fabric in consultation with stakeholders.

Accordingly, viscose suiting fabrics (plain, printed, dyed and embroider under PCT chapters 54.08 and 55.16 of China origin would be assessed to duty and taxes at $4.85/kg.