18/8/2005
Income Tax Worksheets With Formulas/Calculations ITA(Software) ITA Sevice
 
Income Tax Worksheets With Formulas/Calculations ITA(Software) ITA Sevice
 
 
 
  Customs
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Valuation

Q.1.What are import values of different products?

Ans. The import values of different products is determined in accordance with:

i) Section 25 of Customs Act, 1969.

ii) Valuation Rules SRO 1369(I)/99 dated 24.12.1999.

Q.2.What is the method of valuation of imports of Pakistan Customs?

Ans.The valuation of goods imported in Pakistan is determined according to GATT code of Valuation and in the light of

i) Section 25 of Customs Act, 1969 and

ii) Valuation Rules SRO 1369(I)/99 dated 24.12.1999.

Q.3.What is ITP (Import Trade Price) of Suit case, Umbrella?

Ans. The ITP of Suit cases, Umbrella is not fixed, it varies subject to quality, brand, origin and size.


 
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