The Directorate General of Customs Valuation Karachi has issued revised customs values for the import of auto replacement and engine parts, including piston and ring sets, covering shipments from China, South Korea, Taiwan, the United States, Malaysia, Indonesia, Japan, European markets, and Thailand.
According to the new ruling, the revision was initiated after representations were received from stakeholders seeking a fresh determination of customs values in line with prevailing market conditions. The previous valuation ruling, issued on May 12, 2020, had become more than five years old and was due for review under Section 25A of the Customs Act, 1969.
A meeting was held by the directorate with industry stakeholders, including representatives of the Pakistan Automobile Spare Parts Importers and Dealers Association and Indus Motor Company, to discuss the valuation structure and current market dynamics.
Officials said the valuation exercise took into account differences in engine capacity, vehicle category, origin, quality, and applicability across various vehicle models, particularly older vehicles that remain widely used in Pakistan and require frequent engine component replacement.
The ruling noted that significant variations were found in declared import values across consignments, origins, and specifications, making it difficult to rely on identical or similar goods methods for consistent valuation.
To address this, the directorate has refined engine capacity based segmentation to better align with prevailing market price ranges. Market surveys and import data analysis were also used to ensure fair, consistent, and uniform customs assessment. The new customs values have been determined under Section 25(9) read with Section 25(7) of the Customs Act, 1969, and are expected to impact import duty calculations for engine replacement parts used in Pakistan’s large aftermarket auto sector.
The only purpose of FBR is to destroy business n industry n fill their pockets.