Brazil/Paraguay/Argentina: New values of imported meat, bone meal fixed

The Directorate General of Customs Valuation, Karachi, has fixed new values of meat and bone meal imported from Brazil/Paraguay/ Argentina for assessment of duties and taxes. According to the valuation ruling number 2031 of 2025 issued on Thursday, the Customs values of meat and bone meal were determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No. 192412024 dated 03.12.2024. Being aggrieved, stakeholders approached the Directorate General of Customs Valuation, Karachi, with the contention that the existing valuations were done a year ago and should be revised in light of current international market values. Accordingly, the Directorate initiated an exercise for redetermination of the values of the items covered under the aforementioned valuation and publication rulings. The hearing notices to relevant stakeholders were issued.