The Federal Board of Revenue (FBR) has issued revised import valuation rates for solar panels, introducing a new customs pricing structure in line with changing international market trends.
The FBR has set the customs value of tier-one imported solar panels at 0.105 US dollars per watt, while non-tier-one solar panels have been valued at 0.095 US dollars per watt.
Officials said the revised valuation ruling has been introduced in response to fluctuations in global solar panel prices and is intended to standardise customs duties on imported solar equipment.
The new policy includes major international brands such as Jinko, Longi, Trina and JA Solar in the tier-one category.
Under the updated system, solar panels imported in SKD (semi-knocked-down) condition will be subject to a 12.5 per cent lower valuation rate, while customs duties and taxes will be applied based on declared invoice values where applicable.
The FBR has also withdrawn the previous valuation ruling from the 2012/2025 framework and replaced it with the newly notified system after consultations with relevant stakeholders.
Officials stated that higher invoicing values will be subject to increased scrutiny to ensure correct duty and tax collection under the revised policy.
The new valuation system has been formally implemented across the solar import sector to align customs assessments with current international pricing trends.
