
The Directorate General of Customs Valuation, Karachi, has issued a new valuation ruling revising customs values for imported auto replacement parts, including water pumps, oil pumps, fuel pumps, oil filters, fuel filters, air filters and in-tank fuel pumps from Japan, China and European countries.
The revised customs values, notified under Valuation Ruling No. 2092 of 2026, replace the previous ruling issued in 2019 following a review prompted by changing market conditions and representations from stakeholders.
According to the directorate, importers bringing goods through land routes will be allowed a seven percent reduction in the determined customs values on account of freight charges, after which the actual land freight cost for the respective import station will be added.
The valuation exercise was carried out under Section 25A of the Customs Act, 1969, in consultation with representatives of the Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA), Indus Motor Company (IMC), and commercial importers.
During the consultation, stakeholders pointed out that the previous weight-based valuation system no longer reflected prevailing market practices, as auto replacement parts are generally traded according to vehicle application and engine capacity.
They also recommended that in-tank fuel pumps be included as a separate category due to their distinct application.
Following a review of import data, market surveys and stakeholder input, the directorate replaced the weight-based valuation system with a vehicle and engine capacity-based framework.
The revised structure is intended to better reflect market practices and ensure a fair, transparent and uniform assessment of imported auto replacement parts.-ERMD
READ MORE
Engineering at the Center of National Progress: Insights from Engr. Javed Saleem Qureshi
Manzoor Shaikh For more than half a century, engineering has played a pivotal role in…
Xiaomi unveils new in-house chip to reduce reliance on Qualcomm, MediaTek
Xiaomi Corp has unveiled a new mobile processor for its flagship smartphones, strengthening its push…
Google, Gimp patch high-risk security flaws
Google has released security updates for the desktop version of Chrome to address several high-risk…
Govt to privatise LESCO, MEPCO without splitting them
The Ministry of Privatisation has decided to privatise two of Pakistan’s largest power distribution companies,…
Kaspersky upgrades cybersecurity tools with AI-powered threat detection
Kaspersky has announced updates to its cybersecurity solutions aimed at helping Pakistani businesses strengthen their…
Sapphire Fibres joins GEPCO privatisation race
Sapphire Fibres Limited has formally expressed interest in participating in the privatisation of Gujranwala Electric…
