KARACHI: Federal Board of Revenue on Tuesday issued fresh import values for solar panels for the assessment of customs duty and taxes on imported consignments.
The new values were notified by the Directorate General of Customs Valuation through Valuation Ruling No. 2077/2026 under Section 25A of the Customs Act, 1969.
According to the ruling, the revised valuation replaces Valuation Ruling No. 2012/2025 issued on July 18, 2025.
International price increase prompts revision
Customs authorities said the previous valuation had become outdated due to a significant increase in international solar panel prices over the past year.
The FBR stated that officials conducted a detailed analysis of import data, declared values, assessed values and prevailing international market prices before revising the customs values.
Authorities also held a meeting with stakeholders on April 27, 2026 to gather feedback and documentary evidence regarding current market conditions.
New customs values for imported solar panels
Under the revised ruling, the customs values for solar panels have been fixed as follows:
• Solar Panels from Tier-I manufacturers: US$0.105 per watt
• Solar Panels from manufacturers other than Tier-I: US$0.095 per watt
The ruling applies to imports under PCT Code 8541.4300 from all origins.
Tier-I manufacturers list specified
The FBR clarified that the higher customs value of US$0.105 per watt will apply to imports from Tier-I manufacturers listed in Bloomberg NEF’s Global PV Market Outlook for the first quarter of 2026 and fourth quarter of 2025.
The list includes major global solar brands such as:
• Jinko Solar
• LONGi
• Trina Solar
• JA Solar
• Canadian Solar
Lower assessment for SKD imports
The valuation ruling further stated that solar panels imported in semi knocked down (SKD) condition will be assessed at 12.5 percent lower than the notified customs values.
The FBR also clarified that where declared invoice values are higher than the notified customs values, customs duty and taxes will be charged on the higher declared amount.
Officials said the revised valuation aims to ensure more accurate assessment of imported solar products in line with prevailing international market prices.
