The customs values were updated through Valuation Ruling No. 2068 of 2026, replacing earlier benchmarks set under Valuation Ruling No. 1730-2023. The revision process began after stakeholders submitted representations in December 2025, prompting consultations with importers and local manufacturers. Importers argued that global prices had decreased, while local manufacturers contended that the costs of raw materials were rising, potentially impacting domestic artificial leather production.
BUSINESSPublished 24 Apr 2026 • Published 7h ago
Customs Valuation Revises PVC, PU Import Prices in Islamabad
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On April 24, 2026, the Directorate General of Customs Valuation in Pakistan revised customs values for PVC, PU, and other coated fabrics following a review of global prices. This decision was influenced by stakeholder representations citing a decline in international prices, but local manufacturers expressed concerns over rising raw material costs. The revision reflects ongoing tensions between importers seeking lower costs and domestic producers worried about their competitiveness.
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