Import Customs Values relating to LED Bulb Parts and LED Light Parts in Pakistan The principles of Valuation Ruling 45/2024, elaborated by Pakistan Customs, govern the declared values of the parts of LED Bulbs and Led lights used in Pakistan so as to bring uniformity in calculations of Customs duties and taxes.
Key Highlights of Valuation Ruling 45/2024
Valuation Ruling 45/2024 is the latest which updates customs values for LED parts. Importations by businesses in LED Bulb Parts and LED Light Parts need critical planning when trade involves a country where valuation of customs values is essential. The updated ruling avoids any invoice discrepancies and ensures fair trade practices.
Changes in this section were quite crucial as they directly impacted the import duties under Valuation Ruling 45/2024, hence having an influence over broader costs and profit margins.
The Impact on Importers of LED Components
The recent implementation of Valuation Ruling 45/2024 impacts businesses involving the importation of LED Bulb Parts and LED Light Parts. Changes in valuation through customs mean more or less duty depending upon the updated rates. This impacts the dynamics of pricing, cost in the supply chain, and competitiveness of the marketplace.
Customs Values of LED Bulb Parts
| S/No. | Description of Goods | PCT Heading | Origin | Custom Value USD (C&F) |
|---|---|---|---|---|
|
I |
Shell Cover / Housing for LED Bulb |
8539.9090 |
China |
2.75 / Kg |
|
2 |
Lenses for LED Bulb |
9001.9000 |
China |
2.75 / Kg |
|
3 |
Bare Metal Clad Printed Circuit Board for LED Bulb, Avg Size; 12″X12″ / 330g |
8534.0000 |
China |
2.47 / Pc |
|
4 |
stuffed Metalclad Printed Circuit Board for LED Bulb |
8539.9090 |
China |
15.75 /Kg |
|
5 |
Driver-on-Board (DOB) for LED Bulb |
8504.4090 |
China |
15.75 /Kg |
|
6 |
Constant Current Power Supply / Driver for LED Bulb, Avg Weight: 9 g |
8504.4090 |
China |
0.13 / Pc |
|
7 |
Base Caps for LED Bulb |
8539.9090 |
China |
1.80 / Kg |
Customs Values of LED Light Parts
| S/No. | Description of Goods | PCT Heading | Origin | Custom Value USD (C&F) |
|---|---|---|---|---|
|
I |
Shell Cover / Housing for LED Lights |
9405.9900 |
China |
2.75 / Kg |
|
2 |
Lenses for LED Lights |
9001.9000 |
China |
2.75 / Kg |
|
3 |
Bare Metal Clad Printed Circuit Board for LED Light, Avg Size; 12″X12″ / 330g |
8534.0000 |
China |
2.53/ Pc |
|
4 |
Stuffed Metalclad Printed Circuit Board for LED Light |
9405.9900 |
China |
15.75 /Kg |
|
5 |
Driver-on-Board (DOB) for LED Light |
8504.4090 |
China |
15.75 /Kg |
|
6 |
Constant Current Power Supply / Driver for LED Light, Avg Weight: 9 g |
8504.4090 |
China |
0.13 / Pc or 8.40 / Kg (whichever is Higher) |
Compliance with Valuation Ruling 45/2024
Save penalties or delay in customs clearance. The businesses should ensure compliances in valuations under Pakistan Customs Valuation Ruling 45/2024. Therefore, the importers must verify their documentation against the latest ruling and update their declarations for imports.
There can be several issues due to non-compliance. These issues can range from increased scrutiny by the customs authorities to fines, including even a possible delay in the release of the goods.
