Category: Pakistan Customs

Customs duty concessions allowed on 1650 raw materials

KARACHI: The government has allowed customs duty concessions on import of 1650 raw materials through Finance Bill 2019.

According to Deloitte Yousuf Adil, Chartered Accountants, the Finance Bill proposed to introduce concession of Customs Duty on import of 1650 raw materials/industrial inputs.

Major items are listed as follows:

PCT code	Description	Rate
2710.1911	Kerosene	0
2710.1913	J.P.4	0
2710.1998	Spin finish oil	0
2711.1200	Propane	0
2711.1300	Butanes	0
2711.1400	Ethylene, propylene, butylene and butadiene	0
2711.1910	L.P.G.	0
2711.1990	Other	0
2711.2100	Natural gas	0
2711.2900	Other	0
2805.1200	Calcium	0
2805.1900	Other	0
2805.4000	Mercury	0
2808.0010	Nitric acid	0
2808.0090	Sulphonitric acids	0
2809.1000	Diphosphorus pentaoxide	0
2809.2010	Phosphoric acid	0
2814.1000	Anhydrous ammonia	0
2814.2000	Ammonia in auqeous solution	0
2817.0000	Zinc oxide; zinc peroxide.	0
2818.3000	Aluminium hydroxide	0
2819.1000	Chromium trioxide	0
2819.9010	Chromium oxide	0
2819.9020	Chromium hydroxide	0
2936.2100	Vitamins A and their derivatives	0
2936.2200	Vitamin B1 and its derivatives	0
2936.2300	Vitamin B2 and its derivatives	0
2936.2400	D- or DL-Pantothenic acid (Vitamin B3 or Vitamin B5) and its derivatives	0
2936.2500	Vitamin B6 and its derivatives	0
2936.2600	Vitamin B12 and its derivatives	0
2936.2700	Vitamin C and its derivatives	0
PCT code	Description	Rate
2936.2800	Vitamin E and its derivatives	0
2937.1200	Insulin and its salts	0
3002.9010	Human blood	0
3002.9020	Animal blood	0
3105.2000	Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium	0
8427.1000	Self- propelled trucks powered by an electric motor	0
8433.6000	Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce	0
8436.8000	Other machinery	0
8444.0000	Machines for extruding, drawing, texturing or cutting man- made textile materials.	0
8530.1000	Equipment for railways or tramways	0

June 20, 2019

MCC Peshawar announces auction of large quantity of confiscated vehicles

ISLAMABAD: Model Customs Collectorate (MCC) Peshawar has announced auction of large quantity of confiscated vehicles to be held on June 20 and June 27, 2019 at various locations.

Following vehicles to be presented for auction

STATE WARE HOUSE, PESHAWAR

1. Mercedes Benz (Bullet Proof) Model 1982, chassis no WDB-12603312037551.

2. Honda Accord Motor Car 1985, chassis no JHMCA45300C002584.

3. Mercedes Benz Truck Model 1995, chassis no WDB6770381K175873.

4. Mitsubishi Pajero Jeep Model 2006, chassis no JMYLNV76W6J001329.

5. Toyota Land Cruiser Prado Model 1999, chassis no LJ90-0002325.

6. Toyota Hilux Pick Up 4X4 Model 1997, chassis no JT733LNA309004002.

7. Toyota Hilux Pick Up Model 2007, chassis no MROCS12G400043443.

8. Toyota Corolla Car Model 2000, chassis no JTDBT21E900015280.

9. Toyota Corolla Car Model 2000, chassis no NZE121-0008741.

10. Toyota Fielder Car Model 2002, chassis no NZE121-0134145.

11. Toyota Fielder Car Model 2002, chassis no NZE121-0167095.

12. Land Cruiser Station Wagon (Prado) Model 2000, chassis no LJ95-0010010.

13. Mitsubishi Pajero Model 2006, chassis no JMYLNV76W6J001340.

14. Toyota Land Cruiser Model 2004, chassis no LTERB71J800020686.

15. Toyota Hilux Pick Up Model 2001, chassis no JTFDE626800061496.

STATE WARE HOUSE MARDAN,

1. Toyota Surf Model 1996,chassis no RZN185-0015007.

STATE WARE HOUSE, ABBOTTABAD.

1. Toyota Mark-X Car Model 2006, chassis no GRX120-0009539.

2. Mazda Mini Dumper Model 1990 (as per Website), chassis no WGTAD-120362.

STATE WARE HOUSE, FRONTIER CORPS.

1. Daewoo Car Model 1992, chassis no KLATF19TINB-522281.

2. Toyota 2D Corolla Car, 1992,chassis no EE101-3046367.

3. Toyota Land Cruiser Model 1988, chassis no LJ-710003848.

4. Mark-1 Motor Car Model Nil, chassis no LA3VS-216474.

5. Motor Car Model 1978, chassis no M-430-300918.

6. Toyota Corolla Car Model 1982, chassis no A171-A-8024009.

7. Toyota Pick Up Model 1980, chassis no RN40-069388.

8. Toyota State Car Model 1993 (as per Website), chassis no CE109-0013206.

9. Toyota Corolla Car Model 2003 (as per Website), chassis no NZE120-6005014.

10. Toyota Double Cabin Model 1996 (as per Website), chassis no JT133LNA409046824.

11. Towance Model 1994 (as per Website), chassis no CR22-5016240.

12. Suzuki Mehran Car Model 1989, chassis no SB308PK622878.

13. Suzuki Pick Up Model 1991 (as per Website), chassis no DA51T-209323.

14. Toyota State Car Model 1999 Diesel (as per Website), chassis no CE107-5007695.

15. Toyota Fielder Car Model 2005 (as per Website), chassis no NZE121-0364064.

16. Suzuki Pick Up Model 1990 (as per Website), chassis no DA51T-110473.

17. Toyota Pick Up Double Cabin Model 1996 (as per Website), chassis no LN56-0075058.

18. Toyota Fielder Car Model 2004 (as per Website), chassis no NZE121-0279705.

19. Toyota Fielder Car Model 2005 (as per Website), chassis no NZE121-3344325.

20. Toyota Vitz Car Model 2001 (as per Website), chassis no SCP10-0362449.

21. Toyota State Car Model 1994 (as per Website),Chassis no CE106-0071483.

22. Toyota Corolla Car Model 1992 (as per Website), chassis no CE100-3020027.

23. Toyota Fielder Car Model 2004 (as per Website), chassis no NZE121-0318464.

24. Toyota Mark-II Car Model 2001 (as per Website), chassis no JZX110-6022047.

25. Toyota State Car Model 1996 (as per Website), chassis no CE106-60060535.

26. Toyota Datsun Pick Up Model 1980 (as per Website), chassis no RN40-069388.

27. Toyota Vitz Car Model 1999 (as per Website), chassis no SCP10-5001270.

28. Toyota Fielder Car Model 2002 (as per Website), chassis no NZE121-0141062.

29. Suzuki Alto Car Model 2002, chassis no HA23S-689157.

30. Toyota Fielder Car Model 2003 (as per Website), chassis no NZE121-0272905

31. Toyota Corolla Saloon Car Model 2004, chassis no ZZE121-9010983.

32. Toyota State Car Model 1993 (as per Website), chassis no EE106-0038570.

33. Toyota Vitz Car Model 2000 (as per Website), chassis no SCP10-5018680.

34. Suzuki “VXR” Car Model 2004, chassis no HA23S-757052.

35. Suzuki “VXR” Car Model Nil, chassis no HA23S-613292.

36. Toyota State Car Model 1999 (as per Website), chassis no AE100-0309427.

37. Toyota State Car Model 1998 (as per Website), chassis no EE103-0072565.

38. Toyota State Car Model 1996 (as per Website), chassis no CE106-6006506.

39. Toyota Vitz Car Model 2004 (as per Website), chassis no SCP10-0462520.

40. Toyota Hilux Pick Up Model 1986 (as per Website), chassis no LN86-1005469.

41. Mini Hino Truck Model 1999 (as per Website), chassis no FD1JP-10261.

42. Honda Motor Cycle 125-CC Model Nil, chassis no U667327.

43. Honda Motor Cycle CG-125 Model 2005,chassis no S74083.

44. Honda Motor Cycle CG-125 Model 2003, chassis no D72343.

45. Honda Motor Cycle CG-125 Model 2007, chassis no BJ017444.

46. Honda Motor Cycle CG-125 Model 2001, chassis no PF012620.

47. Honda Motor Cycle Deluxe 125CC Model 2006, chassis no BJ006783.

June 19, 2019
Law proposed to end corruption in Pakistan Customs

KARACHI: The government has decided to take stern action against officials of Pakistan Customs, who are involved in corruption or corrupt practices.

A new section 156A to the Customs Act, 1969 has been proposed through Finance Bill, 2019 to initiate criminal proceedings against officials involved in accepting bribe or corruption.

According to EY Ford Rhodes Chartered Accountants Firm said that the Finance Bill 2019 seeks to insert a new Section 156A in the Act whereby the FBR may prescribe rules to initiate criminal proceedings against its officials who willfully and deliberately commits or omits an act which results in personal benefit or undue advantage to the officials or the taxpayer or both.

June 19, 2019
Import Policy Order 2016 amended: SRO 604 issued for solar panels, equipments

ISLAMABAD: The ministry of commerce on Monday amended Import Policy Order, 2016 to describe conditions for import of solar energy panels and related equipments into Pakistan, according to a notification made available to PkRevenue.com.

The ministry issued SRO 604(I)/2019 to amend the import policy order. The SRO amended the Appendix-B related to procedural requirement of following items with Pakistan Customs Tariff (PCT) code and description of commodity:

8541.4000: Solar Photovoltaic cells whether or not assembled in modules or made up into panels (Crystalline Type/ Thin Film) Solar PV Test equipment for system performance testing.

8504.4090: Inverter for use with solar PV system. Common for all PV inverters (off-gird/Hybrid/on-gird.

9032.8990: Charge Controllers for use solar PV systems Balance of system components for Photovoltaic systems.

8501.3110: Off-gird/Standalone solar photovoltaic generators consisting of panels of photocells combined with other apparatus / Solar PV Homes System / Solar Kits.

8501.3210: Off-Grid/ standalone solar photovoltaic generators consisting of panels of photocells combined with other apparatus / Solar PV Homes Systems/ Solar Kits

8503.0010: Parts suitable for use solely or principally with the machines of heading 8501.3110 and 8501.3210

8503.0020: Parts suitable for use solely or principally with the machines of heading 8501.3110 and 8501.3210

8503.0090: Pats suitable for use solely or principally with the machines of heading 8501.3110 and 8501.3210 – others.

8538.9090: Junction Box with covers for solar panels.

8544.6090: Insulated (including enameled or anodized electric wire, cables (including con-axial cable) and other insulated conductors, whether or not fitted with connectors for use in photovoltaic systems.

8413.7090: Solar Photovoltaic pumping system for liquids.

8419.1900: Solar Water Heaters with accessories

7321.1190: Stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, rings, plate non-electric domestic appliances and parts thereof running on solar.

For the import of above solar system equipments the ministry has defined the conditions, included:

Importable subject to compliance with the quality and safety standards approved by Pakistan Standards and Quality Control Authority (PSQCA) as given in Appendix N:

i. Provided that the test report shall be issued by accredited laboratory in the country of origin or exporting country for the scope of testing/ calibration, in accordance with the requirements of ISO/IEC 17025, General requirements for the competence of testing and calibration laboratories.

ii. Provided further that the certificate of conformance (CoC) shall be issued by accredited product certification body in the country of origin of exporting country for the type of certification in accordance with the requirements of ISO/IEC 17065, Conformity assessment – Requirements for bodies certifying products and services.

iii. Provided also further that the PSI report shall be issued by accredited inspection body in the country of origin or exporting country for the type of inspections, in accordance with the requirements of ISO/IEC 17020, General criteria for the operation of various types of bodies performing inspection.

iv. Provided further that the accreditation of the above mentioned conformity assessment bodies shall be issued by the Accredited Body (AB), operating in accordance with ISO/IEC 17011, General requirements for accreditation bodies accrediting conformity assessment bodies.

The SRO also amended Appendix H related to the list of pre-shipment inspection companies. According to the amendment:

g. The pre-shipment inspection companies as approved by Pakistan National Accreditation Council (PNAC) for the inspection of solar equipment (including but not limited to solar PV system, off-girds/standalone solar PV systems, solar PV kits, solar PV panels, solar PV cells, inverters, charge controllers, balance of system components for PV systems, low-voltage switchgear and control gear assemblies, power converters for use in PV power systems, insulated cables for use in PV systems, solar pumping systems for liquids, solar water heaters with accessories, solar stoves/ cookers/ ranges, etc. and parts thereof.

The SRO also amended the Appendix N related to list of compulsory items to meet Pakistan Standards at import stage.

Following items have been added to the list with HS code and subject:

8541.4000:

Solar PV Module IEC: 61730-1

Solar PV Module – Crystalline Type IEC: 61730-2, IEC:61215-1

Solar PV Module – Thin Film (CdTe Based) IEC: 61215

Solar PV Module – Thin Film (amorphous silicon based), IEC: 61730-1, IEC: 61730-2

Solar PV Module – Thin Film (In, GA based) IEC: 61730-1, IEC: 61730-2

PV Test Equipment for system performance testing

Photovoltaic Concentrator (CPV)

Solar PV standalone systems (including AC or DC off-grid systems)

8504.4090:

Inverter for use with solar PV system. Common for all PV inverters (off-grid/hybrid/on-gird)

Inverters for use with solar PV on-grid system only

Inverter testing equipment

Charge controllers for use with solar PV system

Balance of system components for photovoltaic systems

Low voltage switchgear and control gear assemblies

Power converters for use in photovoltaic power assemblies

Power converters for use in photovoltaic power system

8501.3110/8501.3210:

Off-grid/standalone solar PV Home Systems/ Solar Kits

8503.0010/8503.0020/8503.0090:

Electronic equipment and parts suitable for use in solar PV power installations

8538.9090: Junction Box with covers for solar panels

8544.6090: Electric cables for photovoltaic systems

8413.7090: Solar PV Pumping System Design qualification and performance measurements

8419.1900:

Solar Water Heaters, Solar heading – Domestic water heating systems

Solar water heater for dwellings based on JIS 4111

Solar Storage tank based on JIS 4113

Solar water heaters – elastomeric materials for absorbers, connecting pipes and fittings

Thermal performance of glazed liquid heating collectors including pressure drop.

Thermal solar system and components: factor made systems.

Thermal solar system and components: collectors.

Solar energy – Water heating systems

7321.1190:

Solar cooker – Box Type: requirements

Solar cooker – Box Type: components

June 18, 2019
Powers to form Customs tribunal shifted to Prime Minister

KARACHI: The Finance Bill 2019 has proposed to shift the powers to form Customs Appellate Tribunal from the federal government to the Prime Minister.

According to interpretation by EY Ford Rhodes Chartered Accountants Firm, the Finance Bill 2019 sees to substitute Section 194 of Customs Act, 1969, which empowers the federal government to form, regulate and conduct the affairs of the Appellate Tribunal.

“The Bill seeks to shift these powers to the Prime Minister,” it added.

The Appellate Tribunal shall consist of a Chairman, judicial and accountant members.

The terms and conditions of appointment of the chairman and judicial and technical members (this may be referred to accountant members) are proposed to be determined by the Prime Minister.

Further, the appointment of a technical member shall be for a period of two years. The Bill seeks to explain the criteria for appointment of judicial members and accountant members as under:

A judicial member of the Appellate Tribunal shall be appointed, unless such person:

(a) has been a judge of a High Court;

(b) has exercised the powers of a District Judge and is qualified to be a judge of the High Court; or

(c) is or has been an advocate of a High Court and is qualified to be appointed as a judge of a High Court:

Further, the person who is or has been an advocate of High Court shall not be appointed as judicial member unless selected in accordance with the Civil Servants Act, 1973 (LXXI of 1973) and the Federal Public Service Commission Ordinance, 1977 (XLV of 1977).

An accountant member of the Appellate Tribunal shall be appointed, unless such person:

(a) is an officer of Pakistan Customs Service equivalent in rank to the Member of FBR or Chief Collector of Customs or Director General; or

(b) is a Collector or Director or Chief of the FBR having at least three years’ experience in that position.

June 18, 2019
Adjudicating monetary limits of principal appraisers, superintendents enhanced

KARACHI: The government has enhanced monetary threshold of principal appraisers and superintendents for adjudication with condition of reducing time limit to 90 days for deciding cases.

Through Finance Bill 2019, it has been proposed to redefine the monetary threshold of the officers of customs for adjudication. The bill also proposed to abolish the power of assistance collector in adjudicating matters.

According to budget commentary of EY Ford Rhodes, the following powers of adjudication have been proposed as compared with existing powers:

Power of adjudication

Under Section 179 of Customs Act, 1969

(i) Collector: No limit – No change in present power

(ii) Additional Collector: Not exceeding three million rupees – No change in present power

(iii) Deputy Collector: Not exceeding one million rupees – No change in existing power

(iv) Assistant Collector: Not exceeding five hundred thousand rupees: the power of assistance collector proposed to be deleted

(v) Superintendent: Not exceeding fifty thousand rupees: proposed that it should not exceeding one hundred thousand rupees

(vi) Principal Appraiser: Not exceeding fifty thousand rupees: it is proposed it should not exceeding one hundred thousand rupees.

The Finance Bill further seeks to reduce the time period to decide the cases within ninety days instead of existing one hundred and twenty days.

June 17, 2019
Customs intelligence Karachi announces auction of confiscated vehicles on June 19

KARACHI: Customs Intelligence and Investigation has announced auction of confiscated vehicles to be held on June 19, 2019 at State Warehouse of the Directorate of Intelligence and Investigation, Karachi.

According to details made available to PkRevenue.com following vehicles will be presented for auction on June 19, 2019.

Auction of Left over lots (Rejected lots )and fresh lots will be held on 19th June, 2019.

1. Toyota Crown Car, Reg no AA-7095, Model 1995.

2. BMW Car, Reg no QZ-318, Model 2000.

3. Mercedes Benz Car(E-500), Reg no AC-3077, Model 2002.

4. Honda Inspire Car, Reg no GS-4012, Model 2003.

5. Toyota Crown Car, Reg no AAJ-191, Model 2002.

6. Mercedes Benz car, Reg no AAJ-106, Model 2001.

7. Toyota Land Cruiser Jeep, Reg no BRN-124689, Model 1990.

8. Toyota Premio Car, Reg no BFB-537, Model 2005.

9. Toyota Premio Car, Reg no LT-737, Model 2003.

10. Toyota Land Cruiser, Reg no JAF-935, Model 1994.

11. Toyota Land Cruiser, Reg no IDL-531, Model 1993.

12. Mercedes Benz Car(S-550), Reg no CZ-672, Model 2007.

13. BMW Car760Li, Reg no BCP-523, Model 2002.

14. Toyota Crown Car, Reg no BBL-439, Model 2004.

15. Honda Accord Car, Reg no AXY-881, Model 2003.

16. Toyota Surf Jeep, Reg no BD-0310, Model 2003.

17. Toyota Mark-X Car, Registration plate/Mark no AQJ-399, Model 2007.

18. Toyota Vitz Car, Reg no BFH-878, Model 2001.

19. Mercedes Benz Car, Reg no AYB-709, Model 2008.

20. BMW 530i Series Car, reg no LZG-105, Model 2004.

21. Toyota Prado Jeep, Reg no LXW-7155, Model 1996.

22. Toyota Premio Car, Reg no BDJ-715, Model 2002.

23. Toyota Lexus Car, Reg no BDJ-700, Model 2005.

24. BMW 320i Car, Un-Registered, Model 2003.

25. Toyota Vitz Car, Registration plate/mark AA-483, Model 2001.

26. Honda Civic Rebon Car, Registration plate/Mark YK-561, Model 2005.

June 17, 2019
Finance Bill 2019: GD filing limit reduced to 10 days

KARACHI: The government has reduced the goods declaration filing limit from 15 days to 10 days by proposing amendment to Section 79 of Customs Act, 1969.

The Finance Bill 2019 has proposed reduction in time limit of filing GD from 15 days to 10 days.

Presently Section 79 of Customs Act, 1969 is as:

79. Declaration and assessment for home consumption or warehousing or transshipment

(1)The owner of any imported goods shall make entry of such goods for home consumption or warehousing or transshipment] or for any other approved purposes, within fifteen days of the arrival of the goods, by,-

(a) filing a true declaration of goods, giving therein complete and correct particulars of such goods, duly supported by commercial invoice, bill of lading or airway bill, packing list or any other document required for clearance of such goods in such form and manner as the Board may prescribe; and

(b) assessing and paying his liability of duty, taxes and other charges thereon, in case of a registered user of the Customs Computerized System:

Provided that if, in case of used goods, before filing of goods declaration, the owner makes a request to an officer of customs not below the rank of an Additional Collector that he is unable, for want of full information, to make a correct and complete declaration of the goods, then such officer subject to such conditions as he may deem fit, may permit the owner to examine the goods and thereafter make entry of such goods by filing a goods declaration after having assessed and paid his liabilities of duties, taxes and other charges:

Provided further that no goods declaration shall be filed prior to ten days of the expected time of arrival of the vessel.

Explanation.- For the purposes of this clause, the assessment and paying of duty, taxes and other charges in respect of transshipment shall be at the port of destination.

(2) If an officer, not below the rank of Additional Collector of Customs, is satisfied that the rate of customs duty is not adversely affected and that there was no intention to defraud, he may, in exceptional circumstances and for reasons to be recorded in writing, permit, substitution of a goods declaration for home consumption for a goods declaration for warehousing or vice versa.

(3) An officer of Customs, not below the rank of Assistant Collector of Customs, may in case of goods requiring immediate release allow release thereof prior to presentation of a goods declaration subject to such conditions and restrictions as may be prescribed by the Board.

The Bill, however, also proposed the penalty for non-filing of the declaration within the stipulated time is proposed to be amended from Rs15,000 to Rs5,000 per day for the initial five days of default and at a rate of Rs10,000 per day for each day of default thereafter.

June 17, 2019
Finance Bill 2019: reduced duty rates proposed for various imported goods

KARACHI: The government has announced reduction in customs duty on import of various goods.

The reduction in duty has been proposed through Finance Bill 2019.

According to A F Ferguson & Co. Chartered Accountants Firm, by virtue of amendment in First Schedule and Fifth Schedule, reduction in customs duty has been proposed for the following items:

Acetic acids from 16 percent to 11 percent

Oxalic acid from 11 percent to 3 percent

Sheets of veneering from 11 percent to 3 percent

Fibreboard of wood of certain specifications from 16 percent to 11 percent

Fabric (non-woven) from 16 percent to 11 percent

Aluminium cans from 20 percent to 11 percent

Chemicals used in leather or like industries from 20 percent /16 percent to 16 percent /11 percent

Insulation tape double sided from 11 percent to zero percent

Shoe lasts from 20 percent to 16 percent

Other articles of Vulcanised rubber 20 percent to 5 percent

Graphite or other carbon or mixture of these products 11 percent to 3 percent

Other refractory ceramic goods from 11 percent to 3 percent

Other Electric motors and generators from 20 percent to 16 percent

Other automatic regulating and controlling instruments from 20 percent to 16 percent

Multi-ply (clay coated paper and paper board) and aluminium foil from 18 percent to 15 percent

Coils of aluminium alloys from 8 percent to 5 percent

Pre-fabricated room/structures for setting up new hotels/motels in Hill Stations, Gilgit-Baltistan, AJK, and Coastal Areas of Baluchistan from 11 percent to 8 percent

(ii) Following new concessions have been proposed under the Fifth Schedule:

– Laser transmitter, laser receiver, control box, rigid mast pack, with or without scraper at concessional rate of 2 percent

– Plant and Machinery by developers, contractors and service companies involved in infrastructure development of Large Diameter Gas Pipelines(i.e. 24” and above) projects at concessional rate of 10 percent to 0 percent subject to certain conditions

– Aluminium sheets and coils and aluminium foil, AKD wax and dispersing agents at concessional rate of 5 percent

– Imports by manufacturer of infant formula milk registered under Sales Tax Act, 1990 at concessional rate of 5 percent

– Import of Exposide resin, if imported by manufacturer of powder coatings registered under Sales Tax Act, 1990 and subject to annual quota by IOCO at concessional rate of 10 percent

– Polymers of ethylene and other plastic raw materials on import by manufacturers of diapers and sanitary napkins registered under Sales Tax Act, 1990 at concessional rates of 16 percent to 5 percent

– Import of carbon steel strip imported by manufacturer of shaving bladed/razors registered under Sales Tax Act, 1990 at concessional rate of 5 percent

– Import of CNG vehicle conversion kits approved by OGRA imported by authorized dealers at concessional rate of 5 percent

(iii) Following amendments for availing concessions earlier granted have been proposed for the following sectors:

Sector Particulars

Agriculture Sector

Certain conditions for availing the concession on import of agricultural machinery have now proposed to be waived off

Power transmission and grid stations

An additional condition has been proposed for availing concessional duty on import of machinery and equipment meant for power transmission and grid stations. The goods shall not be sold without prior approval of the FBR.

Marble, granite and gem stone extraction and processing industries

Additional condition for the concessional rate on machinery and equipment is proposed to be added with respect to disposal of the imported machinery.

June 17, 2019
Finance Bill 2019: duty exemptions on various imported goods proposed

KARACHI: The government has proposed exemptions from customs duty on import of various goods through Finance Bill 2019.

According to A. F. Ferguson & Co. Chartered Accountants Firm the Finance Bill 2019 has proposed exemption from customs duty is proposed on following items:

– Various industrial inputs / raw materials

– Pharmaceutical products

– Plastic film medical grade

– Fertilizers

– Plant and machinery for setting up Hydrocracker plants for oil refining

– Raw skins and hides

– Machinery parts and items relating to textile industry

– Solar air water generator

– Raw material for paper industry

– Wood

– Certain raw materials used in manufacture of home appliances subject to certain conditions

– Raw material and components for local manufacture of Hemodialyzer, used in hydrolysis equipment by kidney failure patients

June 17, 2019