Foreign media news: The General Administration of Customs Valuation in Karachi, Pakistan has revised the customs for the import of almonds and walnuts. On November 20, the Authority issued Valuation Decisions No. 1825 for 2023 and No. 1826 for 2023. According to Ruling No. 1826 of 2023, the duty-paid** for almonds imported from the United States and Australia has been revised, while the duty-paid** for walnuts imported from China, the United States and Chile Argentina has been redefined. The Council added that "in the case of importing value-added almonds such as salted almonds, roasted almonds, it is recommended to load up to 15% on the value determined above." ”
Earlier, the customs of almonds** was determined under section 25a of the Customs Act 1969, which included the valuation ruling No. 1209 2017. Several importers have indicated that the duty-paid** identified in the existing valuation rulings does not reflect the prevailing international market. Therefore, the Council has undertaken a work to identify the same issues. In addition, almond import data for the past three fiscal years were analyzed. For Pakistan, the value of imports ranges from 17Rs 700 million (2020-21) fell to 6Rs 800 crore, while transiting through Afghanistan**, imports are valued at 23 croreRs 400 million (2020-21) increased to Rs 100.7 billion in 2022-23.
Pursuant to the Valuation Ruling (No. 1825 of 2023), a number of importers lodged representations alleging that the dutiable value of walnuts** determined by the current valuation ruling did not reflect the prevailing international market. They are demanding that the tax payment be redetermined in line with the trends in the international market. After visiting various retail and wholesale markets to observe the actual walnuts (shelled and shelled), the ruling added that "the value of walnuts (shelled and shelled) was determined based on the data collected and the tests carried out." ”
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