Karachi, Pakistan: The Federal Board of Revenue (FBR) has announced a new valuation ruling to set a minimum export price for Kino and Mandarins. The move aims to maximize revenue from fruit exports during the current winter season.

• Minimum Export Price: The FBR has fixed the minimum export price for Mandarins (including tangerines and satsumas) and Kino at US$410 per metric ton.
• Special Considerations for Afghanistan: For exports to Afghanistan, the minimum export price for Kino has been set at US$310 per metric ton.
• Rationale for the Decision: The FBR has taken into account various factors, including international market trends, export data, and input from stakeholders.
• Impact on Exporters: The new valuation ruling may impact the profitability of exporters, particularly those exporting lower-quality or smaller-sized fruits.
• Potential for Revenue Generation: The FBR aims to increase revenue collection by ensuring that exporters declare accurate export values.

It is important for exporters to comply with the new valuation rules to avoid potential penalties and legal issues. They should carefully document their export transactions and maintain accurate records.