ISLAMABAD: In a move aimed at aligning import duties with actual market prices, the Directorate General of Customs Valuation has significantly reduced the customs values for refurbished and used Apple iPhone 14 Plus models.
The revised valuations, effective immediately, bring down the Cost & Freight (C&F) rates for the iPhone 14 Plus 128GB from $910 to $774, a 15% reduction. Similarly, the 256GB variant now carries a customs value of $859″ down from $1,010, while the 512GB model has been reduced from $1,210 to $1,029 .
The decision follows a comprehensive market review, including an analysis of import data and price trends, to ensure the updated values reflect current conditions. The move is expected to lower retail prices for consumers and discourage under-invoicing by importers .
Officials stated that the adjustment is part of broader efforts to modernize Pakistan’s customs regime and ensure fair taxation on high-end devices. The new rates also incorporate depreciation allowances for older models, benefiting individual travelers importing used phones .
Industry stakeholders have welcomed the revision, anticipating increased for consumers and reduced smuggling of high-value smartphones. The updated customs values apply only to refurbished and used imports, with new units assessed under separate rulings .
Further adjustments for other iPhone models are expected as the Directorate continues its market-driven valuation reforms.
