Jun 29

FBR imposes up to 7 percent additional customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has imposed up to seven percent additional customs duty on items falling under tariff slab of 20 percent and higher slabs. The FBR issued SRO 670(1)/2019 on Saturday stated that in supersession of its Notification No. SRO 630(1)/2018, dated the May 24, 2018, the federal government approved to levy […]

by Mrs. Anjum Shahnawaz

Customs duty concessions allowed on 1650 raw materials

Jun 20

2019-2020, Budget, 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 […]

by Mrs. Anjum Shahnawaz

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

Jun 17

2019-2020, Budget, Pakistan Customs

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 […]

by Mrs. Anjum Shahnawaz

Finance Bill 2019: duty exemptions on various imported goods proposed

Jun 17

2019-2020, Budget, Pakistan Customs

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 […]

by Mrs. Anjum Shahnawaz

Budget 2019/2020: Salient features of customs duty

Jun 12

2019-2020, Budget, Pakistan Customs, Taxation

Budget 2019/2020: Salient features of customs duty

ISLAMABAD: The government has announced changes in customs duty regime which included relief and revenue measures. RELIEF MEASURES 1. To standardize printing and preservation of Holy Quran, import of good quality duty free Art paper is being allowed. 2. Exemption of CD on 18 medicinal inputs/items 3. Exemption of CD on Modular/ Particle Free Operation […]

by Mrs. Anjum Shahnawaz

FBR issues SROs to withdraw additional, customs duty on import of cotton

Feb 4

Taxation

FBR issues SROs to withdraw additional, customs duty on import of cotton

ISLAMABAD: Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on import of cotton for the period of February 01 to June 30, 2019.

by Mrs. Anjum Shahnawaz

Customs, regulatory duties on 135 tariff lines to be reduced / eliminated for raw materials

Jan 26

Budget, Supplementary Budget 2019, Taxation

Customs, regulatory duties on 135 tariff lines to be reduced / eliminated for raw materials

In a major move aimed at boosting both the export sector and domestic industrial production, the Pakistani government has unveiled plans to eliminate or reduce customs duty, additional customs duty, and regulatory duty on 135 tariff lines associated with crucial raw materials.

by Mrs. Anjum Shahnawaz

Finance Supplementary Bill: FBR issues salient features of customs duty regime

Jan 24

Budget, Supplementary Budget 2019, Taxation

Finance Supplementary Bill: FBR issues salient features of customs duty regime

The FBR released crucial details on Thursday regarding the transformative changes brought to the Customs duty regime through the Finance Supplementary (Second Amendment) Bill, 2019, which was presented on January 23, 2019. These modifications are poised to impact various sectors and streamline the country’s trade policies.

by Mrs. Anjum Shahnawaz