Businessmen seek realistic customs valuation system

Business groups in Lahore have urged customs authorities to base import valuations on verified international prices and transaction records. The call came at a consultative meeting hosted by the Lahore Chamber of Commerce and Industry, where participants said inconsistent assessments and slow clearance were adding to business costs and disrupting trade and industrial activity. They also asked officials to consult affected parties before revising valuation rules.

LCCI President Ali Hussam Asghar called for quicker clearance, while customs valuation director Saima Aftab said dialogue would continue to help authorities account for market conditions and the interests of importers and manufacturers. Participants objected to the use of online listings and local retail prices, and sought consistent standards, reference to earlier import records, and shorter appeal processes. They also pressed for better customs services in Lahore so Punjab traders would not need to travel to Karachi for import procedures.