Importers will now face revised rates of duties and taxes on Glassware/Porcelainware imported from China, Iran, Malaysia, Thailand, Egypt, Korea, Indonesia, Turkey, Saudi Arabia, Europe, US, and Canada.
The Directorate General of Customs Valuation Karachi has established new customs values for Glassware/Porcelainware imports from the mentioned countries. However, these revised values do not extend to specific brands such as Wedgewood, Waterford, Royal Albert, Royal Doulton, Royal Crown, Derby, Corelle, Royal Copenhagen, Limoges, Noritake, and similar equivalents. Additionally, Crystal Ware is excluded from this Valuation Ruling.
According to valuation ruling number 43 of 2024 issued on Friday, the Customs values for Glass Ware/Porcelain Ware were initially determined via Valuation Ruling No. 17741.2023. Following this, importers, dissatisfied with the ruling, submitted review petitions under Section 25D of the Act. However, the Director General upheld the ruling through Order-in-Revision No. 43/2023, dismissing the complaints. Subsequently, importers appealed this decision before the Customs Appellate Tribunal, which overturned both the Valuation Ruling and the Director General’s Order-in-Revision.
With no Valuation Ruling in place after the Tribunal’s order, the Directorate initiated a reassessment of Customs values for the goods under Section 254 of the Customs Act, 1969. This reassessment, based on analysis of import data and international market trends, led to the determination of new Customs values through Valuation Ruling No. 1823/2023. Despite importers’ continued requests for re-evaluation due to evolving international market trends and reliable price databases, the Director General upheld the ruling through Order-in-Revision No. 01/2024 after review petitions were filed under Section 25D of the Customs Act, 1969. Meetings were held with relevant stakeholders throughout this process.
