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

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

ISLAMABAD: The Federal Board of Revenue (FBR) has slapped additional customs duty up to 7 per cent on imports falling under tariff slab of 30 per cent with effect from July 01, 2021.

The FBR issued SRO 845(I)/2021 to levy additional customs duty on import of goods specified in the first schedule of the Customs Act, 1969.

The additional customs duty at 2 per cent has been imposed on goods falling under tariff slabs of zero per cent, 3 per cent and 11 per cent.

The additional customs duty at 4 per cent has been imposed on goods falling under tariff slabs of 16 per cent except goods falling under PCT code 5516.9300 and 5516.9400, which shall be charged at the rate of two per cent on import.

The additional customs duty at six per cent has been imposed on goods falling under tariff slab of 20 per cent.

Similarly, the additional customs duty at seven per cent has been imposed on goods falling under tariff slab of 30 per cent and higher slabs as well as slabs of specific rates, except goods falling under PCT codes 1507.1000, 1507.9000, 1511.1000, 1511.9010. 1511.9020, 1511.9030, 1512.1100, 1512.1900, 1512.2100, 1512.2900, 1514.1100, 1514.1900, 1514.9100 and 1514.9900, which shall be charged at the rate of two per cent on import.

The FBR said that value of goods for purpose of this levy shall be the value ad determined under Section 25A of the Act, as the case may be.

The FBR issued a detailed list of items on which the additional customs duty would not be applied. For further details please download the SRO 845(I)/2021.

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