PTBP Web Desk
The Directorate General of Customs Valuation Karachi has increased customs values on imported solar panels from all countries ahead of the federal budget for fiscal year 2026-27. The move comes after authorities observed a rise in international solar panel prices compared to the previous valuation ruling issued in 2025.
According to Valuation Ruling 2077 of 2026, customs officials reviewed import data, declared values, assessed prices, and prevailing global market trends before revising the customs values under Section 25A of the Customs Act, 1969.
Officials said the valuation exercise was conducted after detailed consultations with stakeholders, including importers and industry representatives. During the process, customs authorities also examined documentary evidence related to international pricing trends and import costs.
The customs department stated that several valuation methods under Section 25 of the Customs Act were considered before finalizing the new benchmark values. However, due to limitations in transaction value data and identical goods valuation methods, authorities eventually relied on the “similar goods value method” to determine revised customs rates.
The updated valuation framework mainly applies to Tier I solar panel manufacturers listed in Bloomberg NEF’s Global PV Market Outlook over the last two quarters. These include internationally recognized brands such as Jinko Solar, LONGI, Trina Solar, JA Solar, Canadian Solar, First Solar, and BYD.
According to the ruling, importers can still qualify for Tier I valuation treatment if they provide sufficient documentary evidence proving that their imported solar panels belong to an internationally recognized Tier I manufacturer not specifically named in the notification.
Customs authorities further clarified that solar panels imported in semi-knocked-down (SKD) condition will receive a 12.5 percent lower customs assessment compared to fully assembled units under the revised valuation structure.
Industry experts believe the revised customs values may increase import costs for solar businesses and consumers at a time when demand for renewable energy solutions continues to rise in Pakistan. The decision also comes ahead of the federal budget, where changes in taxation and import duties on solar products are being closely monitored by the market.
Pakistan has witnessed significant growth in solar energy adoption over the past few years due to rising electricity tariffs, load-shedding concerns, and increased focus on renewable energy solutions. Any changes in customs valuation or taxation could directly affect the pricing of solar systems in the local market.
