ByKarachi, Pakistan: The Directorate General of Customs Valuation Karachi has fixed new values for the import of 31 different types of power tools to ensure accurate assessment of duties and taxes.
The new values were determined after conducting meetings with relevant stakeholders and analyzing import data, current market trends, and price differences. Pro Pakistani
The Directorate found that some importers were under-invoicing power tools, leading to lower tax payments. The new values are based on market inquiries and international publication prices, which indicate higher values for these products.
The new values will help to prevent undervaluation of power tool imports and ensure that the government collects the appropriate amount of customs duties and taxes.
