This study analyzed polycyclic aromatic hydrocarbons (PAHs) reported to be carcinogenic and listed by the International Agency for Research on Cancer (IARC) as group 1 to 3. Liquid-liquid extraction and HPLC-FLD were used to for the analysis and detection of the 7 PAHs. The average concentrations of total PAHs were 0.435 and 0.457 ${mu}g/kg$ in infant formulas and mixed milk powders, respectively. Furthermore, BaP contents were much lower than 1 ${mu}g/kg$, the maximum tolerable limit reported by the Commission Regulation. PAH contents were converted to BaP to conduct exposure assessment and risk characterization. Dietary exposure was in the range of 0.037 to 0.073 ng-$TEQ_{BaP}$/kg/day. Margin of exposure (MOE) was from 1,370,000 to 2,700,000, which is of negligible concern.