In a recent development, the Directorate General of Customs Valuation in Karachi has revised the customs values for the import of tamarind with seeds from Thailand, as detailed in a valuation ruling issued on February 28, 2026. The revision came after an importer contested that the previously determined values were lower than prevailing international prices. The Directorate initiated a comprehensive review, engaging with stakeholders to assess seasonal price variations and market trends. According to the ruling, 'the customs values of Tamarind with Seed were determined at S. No. 20 vide Valuation Ruling No1817/2023,' and the final values were set after an extensive evaluation of local and international price data, ensuring compliance with the Customs Act of 1969. This process highlights the importance of maintaining fair and transparent customs valuation practices to safeguard government revenue.
BUSINESS
Customs Valuation Revised For Import Of Tamarind From Thailand
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The Karachi Customs Valuation revised tamarind import values from Thailand after a review, while soyabean oil imports fell 42.27%, highlighting trade dynamics and economic challenges in the region.
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