The Karachi Directorate General of Customs Valuation has modified the customs values for the air import of fresh flowers, including popular kinds like roses, Lilium, baby breath, daisies, and other sorts of fresh blossoms.
This modification follows on the heels of the directorate issuing a new value determination. Previously, the customs values for fresh flowers were determined using Section 25A of the Customs Act of 1969 and Valuation Ruling No.1607/2022.
The directorate launched a thorough effort to re-evaluate these customs values to assure correctness and consistency with worldwide market prices. Stakeholders attended meetings at the Karachi Directorate of Customs Value, where they carefully reviewed concerns concerning the value of these flowers.
A thorough examination was carried out utilizing clearance data from the previous ninety days, which was then inspected. Following that, a market investigation was carried out in accordance with Directorate Office Order No.17/2014 and the relevant parts of the Customs Act, of 1969.
While data was accessible as a reference, it was emphasized that it could not be relied on alone owing to differences in amounts and quality, as well as errors in declarations. The information looked to be lacking.
To address this, the Directorate followed the legislative sequence of Section 25 of the Customs Act of 1969 and performed a market study in accordance with Section 25’s paragraph (7). This included going to numerous retail and wholesale stores to see how much fresh flowers cost.
The customs values for fresh flowers have now been re-determined in line with sub-section (7) and Section 25(9) of the Customs Act, 1969, based on the gathered data and the conducted survey.