Written by Shahnawaz Akhter Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has revised customs values of imported polyester fabrics through a new valuation ruling aimed at ensuring transparency and uniformity in duty assessment at the import stage. The updated values were issued by the Directorate General of Customs Valuation under Valuation Ruling (VR) 2058/2026 dated March 25, 2026. The ruling covers polyester fabrics excluding shirting and suiting categories and has been implemented under Section 25A of the Customs Act, 1969. According to officials, the new ruling replaces earlier Valuation Rulings 1385/2019 and 1808/2023, following extensive consultations with stakeholders and a detailed review of import data over the last 90 days. The revision was necessitated after importers raised concerns over outdated values and discrepancies affecting export documentation under the Export Facilitation Scheme (EFS). Authorities stated that multiple valuation methods were examined; however, due to insufficient transaction data, customs values were determined using the “similar goods” method under Section 25(6) of the Customs Act. This approach ensures fair valuation based on comparable imported goods. Key Revised Customs Values (C&F) S. No. Description of Polyester Fabric Category Condition Customs Value (US$/Kg) 1…