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Pak garment importers irked by high customs valuation
01
Sep '16
Pakistan based importers of apparels who are troubled by the unparalleled increase in customs valuation on imported readymade garments by the Directorate General of Customs Valuation, are seeking intervention of the Lahore Chamber of Commerce and Industry (LCCI). These garment importers claim the increase is in the region of over 800 per cent.

A delegation of clothing importers recently met the LCCI senior vice president Almas Hyder and conveyed that the Directorate General of Valuation has increased custom valuation of the imported apparels by an average of more than 800 per cent.

According to these importers, this extraordinary increase as against that was valued in the past, is unjustified, which will coax importers to seek illegal means to bring readymade garments into the country.

At the meeting, Almas Hyder said the Directorate General of Valuation should resolve the issue amicably with the stakeholders.

“The huge hike in valuation will encourage illegal import of garments, which would deprive the exchequer of revenue and result in massive revenue loss to the country,” Hyder said. (AR)

Fibre2Fashion News Desk – India

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