FBR fixes customs value of rubber stoppers at $14.63 per kg

The Directorate General of Customs Valuation has fixed the customs value of rubber stoppers for injectables at $14.63 per kg to ensure uniform assessment of imports and protect government revenue.

The value has been determined through Valuation Ruling No. 2100/2026, under Section 25A of the Customs Act, 1969. The ruling will remain applicable until it is rescinded or revised under Section 25A(4).

According to the ruling, the Directorate General of Customs Valuation, Karachi, initiated the exercise after observing that the goods were being assessed at lower values. Notices were issued to relevant stakeholders for a meeting scheduled on May 18, 2026, to obtain documentary evidence before determining customs values.

During the consultation, importers argued that their declared transaction values were genuine, consistent with recent import trends and did not indicate under-invoicing. They also requested a market survey and submitted documents, including retail sales invoices and contracts.

Local manufacturers, however, maintained that rubber stoppers were being imported at lower declared values. They urged the Directorate to determine fair customs values, saying local production could help meet domestic demand and save foreign exchange.

The Directorate said it examined documents submitted by importers, import data for the preceding 90 days and information collected from local price sources before finalising the valuation.

The ruling states that valuation methods under Section 25 of the Customs Act, 1969 were applied sequentially. The transaction value method under Section 25(1) was found inapplicable because sufficient information on adjustments under Section 25(2) was not available.

The identical goods value method was also examined but could not be solely relied upon due to the absence of demonstrable evidence regarding quality, quantity and commercial level. The customs value was ultimately determined under the similar goods value method provided in Section 25(6) of the Customs Act, 1969.

The ruling covers rubber stoppers for injectables under PCT 4016.9990, with proposed WeBOC classification 4016.9990.1000, applicable to imports from all origins.

It further states that where declared values or invoice values retrieved from consignments are higher than the customs value fixed in the ruling, assessment will be made on the higher value under Section 25(1) of the Customs Act, 1969. For consignments imported by air, the difference between air freight and sea freight will also be added for assessment.