ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued new customs values of the polyester partially oriented yarn being imported from China for the assessment of duty/taxes.
According to a ruling (2026) issued by the directorate on Thursday, a representation was received from the Pakistan Yarn Manufacturers Association (PYMA), wherein it was contended that the values of the said item needed to be aligned with prevailing international price trends.
In view of the changing market conditions and to ensure fair and updated valuation, this Directorate General initiated an exercise for the fresh determination of customs values of Polyester Partially Oriented Yarn under Section 25A of the Customs Act, 1969. Accordingly, meeting notices were issued to all relevant stakeholders for consultation and submission of supporting documents.
During the meeting, the Association submitted that the values of the subject goods were available on the CCF publication Group. They further proposed that the customs values should be aligned with actual transaction values and prevailing international market trends, as these values correspond to publications being recognised internationally.
The Directorate has thoroughly examined the case in light of the viewpoints presented by all relevant stakeholders. The analysis of 90 days’ import data, prevailing international price trends, and information sourced from recognised international publications was carried out. During the course of proceedings, due consideration was given to each party’s concerns, submissions, and recommendations. To ensure objectivity and accuracy, a comprehensive and multidimensional evaluation was undertaken in order to determine the fair customs value. This holistic approach of integrating empirical data, market intelligence, and stakeholder inputs ensured that the valuation exercise remained consistent with the methodology prescribed under Section 25 of the Customs Act, 1969, and that the fresh customs values reflect a fair, transparent, and evidence-based determination.
Hence, the international market prices of above mentioned goods were consulted from CCF Group under the first proviso of Section 25A of the Customs Act, 1969, to determine the customs value. Finally, the values of Polyester Partial Oriented Yam (POY) have been determined under sub-section (9) read with sub-section (6) of Section 25 of the Customs Act, 1969.
Copyright Business Recorder, 2025
