The Directorate General of Customs Valuation Karachi has revised customs values on the import of a wide range of medical items and equipment from China.
The directorate issued Valuation Ruling 2020 of 2025 on Thursday.
After a long period of eight years, the directorate has updated the values for the import of such equipment from China.
According to the ruling, the directorate had previously issued Valuation Ruling No. 1202 of 2017 for medical items and equipment under Section 25A of the Customs Act. As the valuation ruling was eight years old, an exercise for the re-determination of customs values of the subject goods was initiated, based on an analysis of import data, current market trends, and the difference in market prices and customs values.
Meetings were convened to re-evaluate the customs values of the subject goods. During these meetings, stakeholders submitted relevant documents along with their proposed values and samples, which were duly recorded.
The customs values of the subject goods have been determined under Section 25(9), read with Section 25(7), and Customs Rule 2001.
The rule provides that the methods of valuation employed under sub-section (9) of Section 25 of the Customs Act, 1969, may include those laid down in the sub-sections of the said section. However, reasonable flexibility in the application of such methods is in conformity with the aims and provisions of sub-section (9) of that section, it added.