- FBR’s Directorate General of Customs Valuation released new customs values for imported solar inverters.
- The update is through Valuation Ruling No. 2015/2025, replacing the previous ruling from 2024.
- The revision is under Section 25-A of the Customs Act, 1969.
- Importers had challenged the previous valuation for overpricing, leading to a review.
- The Director General ordered a re-evaluation with clearer sub-categorization based on inverter capacity.
- Importers provided documents like export Goods Declarations and Letters of Credit for validation.
- The review addressed technical ambiguities in inverter classifications.
- Hybrid inverters manage solar power, battery storage, and grid integration.
- On-grid inverters require grid connectivity and lack battery storage.
- Off-grid inverters operate independently with solar panels and battery backup.
- The revised ruling aims for clarity and fairness in duty assessments.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
