FBR continues imposition of higher additional customs duty till March 31

Feb 21

National, Taxation

FBR continues imposition of higher additional customs duty till March 31

ISLAMABAD: Federal Board of Revenue (FBR) has continued the application of additional customs duty on import of luxurious and non-essential items till March 31, 2023. The FBR issued SRO 206 (I)/2023 dated February 20, 2023 to continue the additional customs duty on a number of imported goods till March 31, 2023. The FBR previously imposed […]

by Mrs. Anjum Shahnawaz

FBR slaps additional customs duty at 35% on motor vehicles

Aug 24

Automotive, National, Taxation

FBR slaps additional customs duty at 35% on motor vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed additional customs duty at the rate of 35 per cent on import of motor vehicles under various HS Codes. The FBR issued SRO 1572(I)/2022 dated August 22, 2022 to notify amended rates of additional customs duty on import of various items. Through the instant SRO, the […]

by Mrs. Anjum Shahnawaz

Additional customs duty reduced to 2% on auto parts

Sep 14

Automotive, Pakistan Customs

Additional customs duty reduced to 2% on auto parts

ISLAMABAD: The Federal Cabinet on Tuesday approved the reduction of additional customs duty on import of auto parts from seven percent to two percent. The decision has been taken to promote indigenous production of vehicles in the country. This was disclosed by Minister for Information and Broadcasting Chaudhry Fawad Hussain at a press conference. He […]

by Faisal Shahnawaz

Additional customs duty at 7% slapped on imports under tariff slab of 30% and above

Jul 7

Pakistan Customs

Additional customs duty at 7% slapped on imports under tariff slab of 30% and above

The Federal Board of Revenue (FBR) has announced the imposition of additional customs duty (ACD) ranging from 2% to 7% on specific imports falling under various tariff slabs, with the new rates taking effect from July 1, 2021.

by Mrs. Anjum Shahnawaz

FBR removes additional customs duty on import of auto disable syringes

Apr 7

Pakistan Customs

FBR removes additional customs duty on import of auto disable syringes

ISLAMABAD: Federal Board of Revenue (FBR) has removed additional customs duty on import of auto disable syringes with or without needles. The FBR issued SRO 367(I)/2021 dated March 30, 2021 and amended the SRO 572(I)/2020 dated June 30, 2020. According to the latest notification the additional customs duty shall not be collected on the import […]

by Mrs. Anjum Shahnawaz

FBR issues SRO to withdraw additional customs duty on raw material import

Jan 28

Pakistan Customs

FBR issues SRO to withdraw additional customs duty on raw material import

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn additional customs duty on import of raw materials of around 174 tariff lines. The FBR on Thursday issued SRO 81(I)/2021 dated January 22, 2021 to abolish additional customs duty on import of raw materials of 174 tariff lines. The FBR issued the SRO for removal of additional […]

by Mrs. Anjum Shahnawaz

ECC approves removal of additional customs duty on 152 tariff lines

Jan 6

Finance

ECC approves removal of additional customs duty on 152 tariff lines

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of additional customs duty at 2 percent on import of raw material of 152 tariff lines. Dr. Abdul Hafeez Shaikh Federal Minister for Finance and Revenue chaired the ECC meeting. Federal Minister for Interior Sheikh Rasheed Ahmed, Minister for Privatization Mohammad Mian […]

by Mrs. Anjum Shahnawaz

FBR abolishes regulatory duty, ACD on various imported goods

Oct 14

Pakistan Customs

FBR abolishes regulatory duty, ACD on various imported goods

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday abolished regulatory duty and additional customs duty on various raw materials used by textile industry. The FBR issued SRO 1043(I)/2020 dated October 13, 2020 abolished regulatory duty of 8 percent on various chemicals used as raw material for textile industry. Besides, regulatory duty imposed at two percent […]

by Mrs. Anjum Shahnawaz

FBR imposes up to seven percent additional customs duty

Jun 30

Pakistan Customs

FBR imposes up to seven percent additional customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has started preparation for achieving revenue collection target for fiscal year 2020/2021 as it massively increased additional customs duty up to 7 percent from July 01, 2020. The FBR issued SRO 572(I)/2020 on Tuesday for levying additional customs duty at different rates of two percent, four percent and seven […]

by Mrs. Anjum Shahnawaz

Cabinet approves gradual reduction in regulatory duty

Nov 20

Finance

Cabinet approves gradual reduction in regulatory duty

ISLAMABAD: The Federal Cabinet has approved gradual reduction in regulatory duty and additional customs duty under first-ever National Tariff Policy (NTP). The federal cabinet, in its meeting chaired by the Prime Minister held on Tuesday November 19, 2019, approved the first-ever National Tariff Policy (NTP). The policy guidelines contained in the NTP, as approved by […]

by Mrs. Anjum Shahnawaz