Customs values of solar panels increased
Karachi's Customs Valuation Directorate has increased customs values for imported solar panels by 20-30% due to rising international market prices and an outdated previous valuation ruling.
- Reasons for the 20-30% increase in solar panel customs values.
- The process of re-determining customs values for imported goods.
- Specific valuation methods applied under the Customs Act 1969.
ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has increased the customs values of solar panels imported from all origins by 20 to 30 percent.
In this regard, a valuation ruling (2077 of 2026) has been issued by the directorate on Tuesday.
Previously, the customs values of solar panel were determined vide Valuation Ruling No.2012-2025. However, the said valuation ruling is now almost one-year-old, and international market prices of the subject goods have increased during this period.
Therefore, a preliminary analysis of import data, including declared values, assessed values, and prevailing market prices, was conducted to re-determine the customs values of the subject goods under Section 25A of the Customs Act 1969.
A meeting for the determination of customs values was held, which was attended by the relevant stakeholders. The viewpoints of the participants were heard in detail, and the stakeholders were requested to submit documentary evidence to substantiate their contentions.
Valuation methods specified in section 25 of the Customs Act, 1969, were duly considered in sequential order to arrive at the customs values of the subject goods. The transaction value method as provided in sub-section (l) of section 25 of the Customs Act, 1969, was found inapplicable due to the absence of information as required under sub-section (2) of section 25 of the Customs Act, 1969.
The identical goods value method as provided in Section 25 (5) was examined, some applicable values were found, but the same could not be solely relied upon due to the absence of absolute demonstrable evidence of quantities and qualities. Subsequently, the similar goods value method provided in Section 25(6) was also examined in light of the clearance data of subject goods and was finally relied upon for the determination of Customs values of Solar Panels under Section 25 of the Customs Act, 1969.
Copyright Business Recorder, 2026
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