Tag: regulatory duty

Pakistan Customs

FBR abolishes regulatory duty, ACD on various imported goods

— October 14, 2020 add comment
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday abolished regulatory duty and additional customs duty on various raw materials used by textile industry. The FBR issued SRO 1043(I)/2020 dated October 13, 2020... Read more »
Pakistan Customs

FBR abolishes regulatory duty on wheat import

— July 21, 2020 add comment
ISALAMABAD: Federal Board of Revenue (FBR) on Tuesday abolished regulatory duty on import of wheat in order to bring down domestic price of the commodity. The FBR issued SRO 633(I)/2020 in order... Read more »
Pakistan Customs

ECC decides to abolish regulatory duty on smuggling prone items

— June 25, 2020 add comment
ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) has decided to abolish regulatory duty on smuggling prone items. In a meeting held on Thursday chaired by Adviser to the Prime Minister on... Read more »
Pakistan Customs

FBR allows Rs9.4 billion regulatory duty exemption on vehicle import

— June 14, 2020 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemption from regulatory duty to the tune of Rs9.4 billion on import of vehicles during outgoing fiscal year. According to official documents, the revenue... Read more »
Budget 2020-2021

Regulatory duty must be rationalized to curb smuggling: Karachi Chamber

— May 29, 2020 add comment
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged tax authorities to rationalize the regulatory duty on imported goods in order to curb smuggling. In its proposals for budget 2020/2021, the... Read more »
Budget 2020-2021

FBR urged to reduce regulatory duty on lighting fittings

— May 12, 2020 add comment
KARACHI: Federal Board of Revenue (FBR) has been urged to reduce regulatory duty on lighting fittings in alignment with LED bulbs and LED tubes. The Overseas Investors Chamber of Commerce and Industry... Read more »
Budget 2020-2021

FBR proposed to review regulatory duty regime to promote domestic industry

— May 2, 2020 add comment
KARACHI: Business community has urged the Federal Board of Revenue (FBR) to review existing regulatory duty regime in order to promote domestic industry. Pakistan Business Council (PBC) in its budget proposals 2020/2021... Read more »
Pakistan Customs

FBR collects Rs71.21 billion as regulatory duty in last fiscal year

— April 19, 2020 add comment
KARACHI: The customs authorities have collected Rs71.21 billion as regulatory duty during fiscal year 2018/2019, said Federal Board of Revenue (FBR) in a report released recently. The collection of regulatory duty increased... Read more »
Taxation

FBR withdraws 40% regulatory duty on sugar import

— February 24, 2020 add comment
ISLAMABAD: The government has withdrawn 40 percent regulatory duty on import of sugar and sugar products. Read more »
Pakistan Customs

Regulatory duty on wheat import withdrawn; SRO issued

— February 20, 2020 add comment
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued notification to withdraw regulatory duty on import of wheat and other wheat products. Read more »