Values on import of polyester filament yarn revised

ISLAMABAD: Directorate General Customs Valuation Karachi has revised Customs values on the import of Polyester Filament Yarn due to abnormal international price fluctuations during the war crisis and disruptions in global supply chain. A valuation ruling number 2069 of 2026 issued by the directorate on Wednesday revealed that in case Dyed Yarn an additional amount of USD 0. 10 per Kg shall be added to the specified C&F Customs Value. READ ALSO: Spun yarn varieties: New customs’ values on imports notifie Earlier, the Customs values of Polyester Filament Yarn were determined under Section 25A of the Customs Act, 1969 vide Publication Valuation Ruling No. 6012025 dated 02. 07. 2025. Subsequently, in light of the prevailing international market conditions, it was observed that the prices of petrochemical raw materials were increased significantly, primarily due to war crises and related global supply chain disruptions, the Directorate General of Customs Valuation initiate a fresh exercise for redetermination of Customs values of the subject goods covered under the aforesaid publication valuation ruling, so as to align the determined values with the current international price trends Meeting notices were issued to all relevant stakeholders to provide them an opportunity to present their viewpoints, submit documentary evidence, and address their grievances, if any, regarding the existing Customs values. During the course of the meeting, detailed arguments were presented by both the importers and the local manufacturers. The importers contended that the existing determined Customs values shall be maintained. They submitted that international market prices of the subject goods and their raw materials are highly volatile and subject to frequent fluctuations on a daily basis due to changing global war crises. It was further argued that, over the past six months, the prevailing prices have already remained on the higher side, and any further enhancement in the Customs values would not be justified. On the other hand, the local manufacturers strongly opposed this viewpoint and contended that the international prices of the subject goods have been consistently increasing and are currently following an upward trend in the international market. Copyright Business Recorder, 2026

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