Customs Valuation Sets New Values for Apple iPhones, Including iPhone 16

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

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

The new ruling encompasses various iPhone 16 categories and allows for depreciation on older models. It stipulates that the updated customs values will be applicable to imports of 16 different iPhone 16 versions, as well as other models such as iPhone 15, iPhone 14, iPhone 13, iPhone 12, and iPhone 11.

The ruling indicates that the Directorate received communication from the Collectorate of Customs (Airport) Islamabad, alongside submissions from stakeholders, concerning the revision of the existing Valuation Ruling and the inclusion of the latest iPhone 16 Apple devices. The previous Valuation Ruling was over a year old, with customs values that did not accurately reflect the current international market. Additionally, certain older models listed in the prior ruling had reached their End of Life (EOL) status and were considered for depreciation. Consequently, an evaluation was initiated under Sections 25 and 25A of the Customs Act, 1969, to determine the customs values of the specified goods, based on import data analysis, current market trends, and discrepancies between market prices and customs values.

Several meetings were held to determine customs values, with participation from relevant stakeholders. Stakeholders requested the inclusion of values for the latest iPhone 16 models and corresponding depreciation for older models.

Their perspectives were carefully considered for the determination of customs values under Section 25A of the Customs Act, 1969. They were asked to provide relevant import documentation to support their claims. Ninety (90) days’ worth of data was analyzed to determine customs values, and some declared value references were available.

The ruling concludes that the specified phones’ transaction value has been determined and will serve as the Customs value for duty and tax assessment.