The Pakistani Directorate General of Customs Valuation Karachi has revised the customs/export values for seasonal fruits, such as Kinnow, for the period from December 1, 2024, to May 15, 2025. This adjustment aims to optimize export revenue throughout the winter season. A valuation ruling (4 of 2024) has been issued to this effect.
The Freight on Board (FOB) value for Mandarins, which includes varieties like tangerines, satsumas, and Kinnow, has been established at $410 per metric ton. However, for exports destined for Afghanistan, the FOB value is set at $310 per metric ton. This customs export value for Kinnow is intended to act as the Minimum Export Price.
The valuation process was conducted following Sections 25A and 25(15) of the Customs Act, 1969, following directives from the Federal Board of Revenue (FBR) and the Ministry of Commerce. The Directorate of Customs Valuation Lahore spearheaded this initiative, holding four meetings with key stakeholders such as the Trade Development Authority of Pakistan (TDAP), Federation of Pakistan Chambers of Commerce & Industry (FPCCI), All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA), and Kinnow exporters. These discussions focused on evaluating stakeholders' proposals, export data, market trends, and submitted documents, culminating in the valuation being finalized in line with Section 25 of the Customs Act, leveraging export data, market surveys, and global pricing trends.
Source: Profit