FBR Revises Customs Values on Imported Infant Milk Products

The Directorate General of Customs Valuation Karachi, under the FBR, has issued new customs values for imported infant milk preparations through Valuation Ruling No. 2060 of 2026. This comprehensive revision applies to various infant formula types from multiple global origins, replacing the outdated Valuation Ruling No. 1771/2023 issued in April 2023. Stakeholders had informed the directorate that international prices had increased, necessitating updated customs values. The valuation exercise involved consultations with stakeholders and a review of import data from January to March 2026. This move, determined under Section 25(6) of the Customs Act, 1969, aims to ensure fair, transparent, and legally compliant valuation.