New Customs Values Set for Apple iPhones, Including iPhone 16

The Directorate General of Customs Valuation Karachi has established updated customs values for 187 distinct Apple iPhone models, which includes the latest iPhone 16 series.

A fresh valuation ruling (1999 of 2025) was formally issued by the directorate on Friday. The new customs values for the iPhone 16 range from US$591 to US$1469 per unit, based on the specific model.

The recent ruling incorporates different iPhone 16 categories and allows for depreciation on older models. It stipulates that the updated customs values will be applied to imports of 16 different iPhone 16 variations. Other iPhones covered include the iPhone 15, iPhone 14, iPhone 13, iPhone 12, iPhone 11, and earlier models.

According to the ruling, the Directorate received correspondence from the Collectorate of Customs (Airport) Islamabad, alongside various requests from stakeholders, regarding adjustments to the existing Valuation Ruling and the inclusion of the newest iPhone 16 Apple devices across various versions. The prior Valuation Ruling was over a year old, and its customs values did not accurately reflect current international market conditions. Additionally, certain older models listed in the existing ruling had reached their End of Life (EOL) and needed to be re-evaluated for depreciation. Consequently, an assessment of import data, prevailing market trends, and discrepancies between market prices and customs values was conducted under Sections 25 and 25A of the Customs Act, 1969, to determine the customs values of the relevant goods.

Several meetings were organized to determine customs values, with relevant stakeholders in attendance. Stakeholders advocated for the inclusion of values for the latest iPhone 16 mobile devices in their various configurations, followed by corresponding depreciation adjustments for older models.

Their perspectives were carefully considered when determining the customs values for the specified goods, as per Section 25A of the Customs Act, 1969. Stakeholders were asked to provide pertinent import documentation to support their claims. To establish the customs values for the items in question, data from the preceding ninety (90) days was obtained and thoroughly reviewed. Some declared value references were accessible.

The ruling stated that the transaction value of the specified phones has been ascertained and will serve as the Customs value for duty and tax assessment.