ISLAMABAD: The Federal Board of Revenue has introduced revised import valuation rates for solar panels, implementing a new customs pricing structure aimed at aligning duties and taxes with changing international market trends.
According to reports, the FBR has fixed the customs value of tier-one imported solar panels at 0.105 US dollars per watt. Meanwhile, non-tier-one solar panels will now carry a customs valuation rate of 0.095 US dollars per watt under the updated policy.
Officials stated that the revised valuation ruling was introduced in response to fluctuations in global solar panel prices and seeks to standardise customs assessments across the solar import sector. Authorities added that the new structure would help ensure more accurate duty and tax collection on imported solar equipment.
The updated valuation system includes major international solar brands such as JinkoSolar, LONGi, Trina Solar and JA Solar in the tier-one category.
Under the new framework, solar panels imported in SKD, or semi-knocked-down, condition will receive a 12.5 per cent lower valuation rate. However, customs authorities will continue applying duties and taxes according to declared invoice values where applicable.
The FBR has also withdrawn the previous valuation ruling issued under the 2012/2025 framework and formally replaced it with the newly notified system after consultations with relevant stakeholders from the solar import industry.
Officials further stated that consignments carrying higher invoicing values would face increased scrutiny to ensure transparency and compliance with customs regulations. The revised valuation structure has now been implemented nationwide as part of efforts to align Pakistan’s customs assessments with prevailing international solar market prices.
