KARACHI: The Directorate General of Customs Valuation has determined the customs values of press-fasteners, snap-fasteners, press-studs, and parts vide valuation ruling No. 746/2015.
A reference was received from the clearance collectorate regarding determination of customs values of press-fasteners, snap-fasteners, press-studs, and parts thereof.
With a view to reflect the current prices prevailing in the international market, an exercise to determine the customs values of subject goods was taken up.
Press-fasteners, snap-fasteners, press-studs, and parts of iron/steel (magnetic) under PCT 9606.1000 of China would be assessed to duty/tax at $1.20 per KG; Taiwan origin at $1.30 per KG and Japan origin at 1.45 per KG.
Press-fasteners, snap-fasteners, press-studs, and parts of plastic under PCT 9606.1000 of China would be assessed to duty/tax at $1.50 per KG; Taiwan origin at $1.60 per KG and Japan origin at 1.75 per KG.
Press-fasteners, snap-fasteners, press-studs, and parts (metallic-non-magnetic including brass) under PCT 9606.1000 of China would be assessed to duty/tax at $2.50 per KG; Taiwan origin at $2.60 per KG and Japan origin at 2.90 per KG.