- FBR announced revised customs values for imported solar panels due to global price declines
- Issued by Directorate General of Customs Valuation, Karachi under Valuation Ruling No. 2012/2025
- Supersedes previous ruling No. 1894/2024 and remains effective until changed
- Importers can file revision petitions within 30 days
- Revision follows requests from stakeholders like Pakistan Solar Association
- Discrepancies in values caused delays and banking issues for importers
- Consultation process included meetings and submission of supporting documents
- Revised customs values per watt: Tier I Manufacturers at 0.09 USD, Non-Tier I at 0.08 USD
- Tier I includes manufacturers like JA Solar, Canadian Solar, Longi Green
- Importers with proof of Tier I status may qualify for Tier I rate
- Higher invoice values will be assessed at the higher rate
- Air freight imports will include additional cost differential
- Aims to promote fair import environment and support green energy initiatives
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.
