ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has revised customs values of toys and toy parts/accessories imported from Europe, Canada, Japan, the United States, and China.
A new valuation ruling (2085 of 2026) revealed that the Customs values of subject goods were earlier determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No’1669-2022. The said valuation Ruling has remained in the field fora considerable time and requires review in view of prevailing international market prices, import trends, declared values, wide variation in categories/specifications of toys, and current market conditions. Toys are imported in multiple categories, qualities, types, specifications, and functions. Due to the passage of time and changes in market dynamics, an exercise was initiated by this Directorate for the fresh determination of Customs values of toys and toy parts/accessories under Section 25A of the Customs Act, 1969.
Meetings for the determination of Customs values of subject goods were scheduled. The first meeting was attended by several stakeholders. The parties requested another meeting and were also requested to submit relevant documents in support of their contentions and declared transactional values. The second meeting was held on 07.05.2026 however, none of the stakeholders attended the meeting.
Multiple representations were received from stakeholders requesting adjournment/rescheduling of the meeting. However, no documents were received from the stakeholders in support of their declared transactional values. Keeping in view the lapse of time, pending valuation exercise, and revenue implications involved, the matter was proceeded with based on the available record. For the purpose of valuation, available import data was retrieved and examined. The import data was scrutinized with reference to declared values, description of goods, categories, specifications, origin, quantity, and other relevant factors. Market inquiries were also conducted to ascertain prevailing market prices of the subject goods. After considering the available import data, market inquiries, previous Valuation Ruling, and other relevant information, the Customs values of toys and toy parts/accessories have been determined accordingly.
Accordingly, the Customs values of the subject goods have been determined under sub-section (9) of Section 25 of the Customs Act 7969, read with sub-section (7) thereof and Rule121(2) of the Customs Rules, 2001, by applying reasonable flexibility to the deductive value method in conformity with the aims and provisions of Section 25 of the Customs Act, 1969.
Copyright Business Recorder, 2026
