The Federal Board of Revenue (FBR) in Pakistan has updated the customs/export value of seasonal fruit, including Kino, for the period from December 1, 2024, to May 15, 2025. This adjustment comes amid a significant backlog of refunds for exporters of seasonal fruits. As a result, during the upcoming winter season, exporters of Kino and similar fruits will be required to pay taxes based on these new export values, denominated in US dollars.
The Directorate General of Customs Valuation Karachi issued a new valuation ruling (4 of 2024) specifying that the Export (freight on board) FOB Value of Mandarins (including tangerines and satsumas) and Kino has been set at US$ 410 per metric ton (MT). For exports directed to Afghanistan, the export value is established at US$ 310 per metric ton. The ruling also stipulates that the customs export value for Kino will serve as the Minimum Export Price.
This determination of the Customs/Export value of Kino for the specified period is by Section 25A read with Section 25 (15) of the Customs Act 1969. The revision process involved extensive consultations with major stakeholders, including representatives from the Trade Development Authority (TDAP), Federation of Pakistan Chambers of Commerce & Industry, All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA), and Exporters of Kino. The valuation method employed took into account export data, market surveys, international market trends, and documents submitted by stakeholders.
Source: propakistani