FBR Revises Custom Values for Mobile Phone LCD Screens from China and Hong Kong

Directorate General of Customs Valuation Karachi has revised customs values on the import of Mobile Phone (LCD Screens) from China/ Hong Kong. According to a valuation ruling issued by the directorate on Tuesday, this Valuation Ruling (1979 of 2025) superseded Valuation Ruling No. 1 576/2021 dated 08. 12.2021. The values of subject goods had not been revised since 2021. In pursuance of analysis of import data, current market trends, difference in market prices and customs values, an exercise for the determination of customs values of subject goods was initiated under Section 25 and 25A of the Customs Act,1969. Meeting for the determination of customs was attended by the relevant stakeholders. Their viewpoints were heard in detail in view of the determination of customs values of the subject goods under Section 25A of the Customs Act, 1969. They were requested to submit relevant import documents to substantiate their contentions. For the determination of customs values of subject goods, ninety (90) days’ data was thoroughly retrieved and scrutinized. Some references of declared values were available. In view of this, the transaction value of the specified goods has been determined and hereinafter specified shall be the Customs value for assessment of duty & taxes given against them, the ruling added.