Reduced regulatory duty on imported wrist watches and precious metal case watches takes effect from July 1 under the FY2026-27 tariff schedule.
The Federal Board of Revenue (FBR) has reduced the regulatory duty (RD) on the import of wrist watches, including premium watches with cases made of precious metals, effective from July 1, 2026, as part of the revised customs tariff for the fiscal year 2026-27.
The reduction has been implemented through a newly issued Statutory Regulatory Order (SRO), which revises the regulatory duty applicable to various categories of imported watches under the Pakistan Customs Tariff (PCT).
The move is part of the government’s broader tariff rationalization measures introduced in the new fiscal year’s customs schedule.
Regulatory Duty Reduced to 20 Percent
According to the revised tariff structure, the FBR has lowered the regulatory duty on imported wrist watches from 24 percent to 20 percent.
The updated rate became effective on July 1, 2026, and applies to multiple categories of watches imported into Pakistan.
The revised duty is expected to reduce the tax burden on importers and may contribute to more competitive pricing of imported timepieces in the local market.
Precious Metal Case Watches Also Covered
Under PCT Code 91.01, which covers wrist watches, pocket watches, and other watches, including stopwatches with cases made of precious metals or metal clad with precious metals, the regulatory duty has been reduced from 24 percent to 20 percent.
Similarly, under PCT Code 91.02, which includes wrist watches, pocket watches, and other watches not covered under PCT Code 91.01, the regulatory duty has also been cut from 24 percent to 20 percent.
Part of FY2026-27 Tariff Reforms
The latest reduction forms part of the Federal Board of Revenue’s revised tariff framework for FY2026-27, aimed at rationalizing import duties across various product categories.
Since the implementation of the updated tariff schedule on July 1, 2026, the FBR has announced regulatory duty revisions for several imported goods as part of its broader customs policy reforms.
The reduction in regulatory duty on imported wrist watches is expected to benefit importers, retailers, and consumers by lowering import costs while supporting a more balanced and streamlined tariff regime in Pakistan.