Written by Hamza Shahnawaz in Taxation Valuation Ruling No. 2127/2026 introduces new import assessment rates for Chinese EVA sheets, replacing the previous valuation framework issued in 2015. KARACHI: The Federal Board of Revenue (FBR) has revised customs values for imported Ethylene-Vinyl Acetate (EVA) sheets after more than 11 years, introducing updated rates for assessing import duties and taxes. The Directorate General of Customs Valuation issued Valuation Ruling No. 2127/2026 on November 5, 2026, under the signature of Director Tahir Abbas. The new ruling supersedes Valuation Ruling No. 761/2015, which had remained in force since September 15, 2015. The revision aims to align customs assessments with prevailing international market prices, recent import trends and changes in product specifications. Stakeholder Consultations and Valuation Method The Customs Valuation Directorate held consultations with importers on October 28, 2026. During the discussions, stakeholders highlighted differences between actual transaction prices and the valuation benchmarks established more than a decade ago. Officials also examined import data covering the preceding 90 days before evaluating the valuation methods prescribed under Section 25 of the Customs Act, 1969. The directorate found that transaction values and identical goods comparisons could not independently provide sufficiently reliable benchmarks because of differences in commercial quantities, product grades and quality. Consequently, customs values were…