ISLAMABAD: The ministry of commerce (MoC) has invited budget proposals for fiscal year 2022/2023. The budget proposals have been invited for changes in customs tariff rates.
The ministry said that in order to enable the Tariff Policy Center (TPC) / Tariff Policy Wing (TRP) of the ministry to properly process and evaluate each proposal, formats have been specified. The formats are available in MS Excel sheets.
The stakeholders have been advised that while formulating the proposals, provisions of the existing Customs Tariff may carefully be studied/consulted.
Wherever required, the proposal may be supported with the statistical data etc., so that is not dropped on account of any such infirmity.
In case of local manufacturers claiming tariff protection on its finished products or concession on its raw material, then they should provide complete data as per given format.
The ministry asked the stakeholder the proposals should be submitted by February 28, 2021.