In a recent move by the Directorate General of Customs Valuation, the customs values for various used and refurbished mobile phones, including Apple iPhone 14 Plus models, have revised in Pakistan. The updated values, effective from early December 2023, reflect a decrease in Customs values for different storage variants of the iPhone 14 Plus.
Key Changes in Customs Values:
Apple iPhone 14 Plus 128 GB:
- Previous Customs Value: $910
- Revised Customs Value: $774
iPhone 14 Plus 256 GB:
- Previous Customs Value: $1,010
- Revised Customs Value: $859
Apple iPhone 14 Plus 512GB:
- Previous Customs Value: $1,210
- Revised Customs Value: $1,029
The adjustments in Customs values determined by assessing actual market prices in the country, and these changes not applicable to import quantities. Importantly, the Customs values mentioned will used for assessing duty/taxes for mobile phones listed officially.
It’s worth noting that used/refurbished mobile phones imported by genuine passengers will also evaluated based on the revised Customs values. The tabulated values incorporate allowances for depreciation, ensuring a fair assessment.
These revisions aim to align Customs values with current market conditions and provide a transparent framework for assessing duties and taxes on imported mobile phones. Businesses and consumers alike should take note of these changes to stay informed about the updated Customs values for Apple iPhone 14 Plus models in Pakistan.
