Pakistan Customs sets kino export value at $410/ton for the 2024-2025 season.

by

Pakistan Customs has set the maximum value of export for Kino on December 1st 2024 through May 15th, 2025 for the for the season of export. The value, as per Ruling No. 4/2024 is $410 per kilogram for the majority of market segments, and a higher price of $310 per millimetric ton for B or C-grade Kino that is destined for Afghanistan. The decision is based on directives issued by the Federal Board of Revenue (FBR) as well as the Ministry of Commerce, aiming to establish a standard for export valuations as well as deal with concerns of stakeholders within the sector of exporting fruit.

The valuation process required consultations with key stakeholders, such as those from the Trade Development Authority of Pakistan (TDAP) as well as the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) as well as The All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) as well as Kino exporters. The meetings, which took place between May and November 2024, concentrated on the establishment of fair value guidelines based on data from exports, international market trends, and feedback from stakeholder.

The process used for calculating export values is in line with the Customs Act, ensuring that the declared values for transactions and/or values, if applicable, have precedence over customs value for the sake of fairness. The decision is open to an appeal for 30 days within Section 25D in the Customs Act and will remain in force until amended or cancelled. It recommends precise declarations and adherence to export rules to allow for seamless trade and to ensure transparent operations in Kino exports.

The source: Pkrevenue

Related Agroforestry News Posts:

  1. What is the best way to compare India contrast with China in the production of blueberries as well as consumption? At the most recent Global Berry Congress in Rotterdam, Hans Liekens from Sekoya and Ambrish Karvat of Yupaa talked about the opportunities of blueberries on the Asian market. In the year 2017, Sekoya was formed as an B2B platform that...
  2. The prices of tomatoes are soaring in Bengaluru In Bengaluru in Bengaluru, the price of tomato has been able to reach Rs80/kg caused by a decreased quantity from Mandya and Mysore because of rain and the spread of disease. Maharashtra which is the primary producer is seeing prices...
  3. The climate change in Pakistan is affecting the mango production Waheed Ahmed, Chairman of the Fruit and Vegetable Association, spoke about the devastating impacts of climate change on the Pakistani mango production. According to a report from 24NewsHD TV channel, there was an increase of 35% on mango yield this...
  4. Sri Lanka pushes for agricultural import duties The Sri Lankan Agriculture Minister, Mahinda Amaraweera, has recommended the imposing of import taxes on B-onions and potatoes in order to regulate the prices of market and to manage the imports. This plan is aimed at stabilizing the prices of...
  5. Getir has decided to leave Spain as well as France 71 percent of UK moms are buying less fruits and vegetables because of budgetary pressure A research study from the charity Vitamin Angels UK of 2,000 parents found that mothers have been making fewer healthy decisions for their children due...

Source: The Plantations International Agroforestry Group of Companies