January 26, 2022

Pkrevenue.com

Pakistan Revenue

Tag: regulatory duty

Yarn merchants appeal for not imposing regulatory duty
Dec 22
Trade & Industry

Yarn merchants appeal for not imposing regulatory duty

KARACHI: Pakistan Yarn Merchants Association (PYMA) has expressed serious concerns over reports suggesting imposition of regulatory duty on polyester yarns. Saqib Naseem, PYMA Central Chairman in a statement on Wednesday expressed deep concern over rumors circulating about lobbying for imposition of regulatory duty on imported polyester yarns by local manufacturers of polyester filament yarns. READ […]

by
Read More
Restrictions to up motor vehicle cost, reduce demand
Dec 8
Automotive

Restrictions to up motor vehicle cost, reduce demand

KARACHI: The planned restrictions on automotive industry likely to increase the cost of motor vehicles and simultaneously to reduce the demand. According to analysts of Topline Securities on Auto Sector, the government is planning to introduce measures to control rising import bill of the country by imposition of increased duties on luxury items including cars. […]

by
Read More
Regulatory duty on exports reduced
Jul 7
Taxation

Regulatory duty on exports reduced

KARACHI: The Federal Board of Revenue (FBR) has slashed regulatory duty up to half on export of goods. The FBR issued SRO 843(I)/2021 dated June 30, 2021 to amend the SRO 645(I)/2018 dated May 24, 2018, which is related to regulatory duty on export of goods. According to the latest SRO the regulatory duty on […]

by
Read More
New rates of regulatory duty on imported smart phones
Jul 3
Taxation

New rates of regulatory duty on imported smart phones

ISLAMABAD: Federal Board of Revenue (FBR) has notified new rates of regulatory duty to be imposed on imported mobile phones during. The FBR issued SRO 840(I)/2021 dated June 30, 2021 to notify regulatory duty on 599 tariff lines. Following are the rates of regulatory duty on mobile phone with effect from July 01, 2021: HS […]

by
Read More
FBR attributes export growth to incentives, facilitation
Jan 13
Taxation

FBR attributes export growth to incentives, facilitation

ISLAMABAD:  Federal Board of Revenue (FBR) on Wednesday said that the significant growth in export was mainly due to integrated strategy for duty and tax incentives and other facilitation. The FBR has devised an Integrated Strategy which has amply contributed to significant increase in exports of Pakistan from $1.6 billion (in August, 2020) to $2.4 […]

by
Read More
Association hails decision to probe high car prices
Jan 2
Automotive

Association hails decision to probe high car prices

KARACHI: Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has welcomed the decision of the government for probing higher automobile prices in the country. The high prices are mainly due to lower content of localized parts and government’s strict tariff and taxation policy. In a meeting held on Saturday, the senior PAAPAM members endorsed […]

by
Read More
FBR withdraws regulatory duty on cotton import
Dec 23
Pakistan Customs

FBR withdraws regulatory duty on cotton import

ISLAMABAD: Federal Board of Revenue (FBR) in compliance with the government decision has withdrawn five percent regulatory duty on import of cotton yarn. The FBR issued SRO 1352(I)/2020 dated December 23, 2020 to amend SRO 680(I)/2019 dated June 28, 2019 to withdraw the regulatory duty on import of cotton yarn till June 30, 2021. The […]

by
Read More
ECC withdraws regulatory duty on cotton yarn import
Dec 2
Finance

ECC withdraws regulatory duty on cotton yarn import

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approval removal of 5 percent regulatory duty on import of cotton yarn. The Ministry of Commerce presented a proposal before the ECC regarding removal of 5 percent regulatory duty on import of cotton yarn till June 30, 2021. After detailed discussion, the chair approved the removal of […]

by
Read More