KARACHI: The Federal Board of Revenue (FBR) has issued Valuation Ruling (VR) No. 2/2026 to establish the customs export value of meat for the calculation of duties and taxes.
This move aims to standardize export pricing and ensure compliance under the Customs Act, 1969.m
The ruling follows directives from the Director General Valuation, Karachi, to the Directorate of Customs Valuation Lahore to determine the export value of meat products.
Over the period from April 2024 to February 2026, seven meetings were held involving major stakeholders, including representatives from the Trade Development Authority of Pakistan (TDAP), Federation of Pakistan Chambers of Commerce and Industry (FPCCI), All Pakistan Meat Exporters and Processor Association, and other exporters.
During these consultations, stakeholders submitted proposals, which were carefully reviewed along with price trends, historical exports data from Pakistan Revenue Automation Limited (PRAL), and arguments presented in the meetings to finalize the customs export value of meat products.
Customs Export Values for Meat (All Destinations)
Meat Type Export FOB Value (USD/KG)
Chilled/Frozen Beef/Veal/Bull/Buffalo Carcass 4.20
Chilled/Frozen Mutton/Lamb/Sheep/Goat Carcass 8.50
Chilled/Frozen Camel Carcass 5.80
The FBR clarified that if the declared transaction value exceeds the prescribed customs value, the higher value declared by exporters shall be applied by the assessing officer. This ruling is expected to streamline export documentation, improve transparency, and ensure uniformity in customs valuation for the meat export sector, a significant contributor to Pakistan’s foreign exchange earnings.
