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 […]
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 […]
ISLAMABAD: The government has announced abolishing duty and taxes on locally manufactured and imported cars with engine capacity up to 850cc to enable low earning families to afford motor vehicles. Finance Minister Shaukat Tarin while presenting federal #budget 2021/2022 on Friday announced duty and tax incentives for sale and import of motor cars with engine […]
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 […]
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 […]
ISLAMABAD: Federal Board of Revenue (FBR) in compliance with the government decision has withdrawn five percent regulatory duty on import of cotton yarn.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 […]
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 […]
ISLAMABAD: Federal Board of Revenue (FBR) on Monday exempted customs duty, regulatory duty and additional customs duty on import of medical instruments and equipments for prevention and treatment of COVID pandemic. The FBR issued SRO 1251(I)/2020 dated November 23, 2020 to exempt whole of customs duty, regulatory duty and additional customs duty on import of […]
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 abolished regulatory duty of 8 percent on various chemicals used as raw material for textile industry. Besides, regulatory duty imposed at two percent […]
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 to amend SRO 6809I)/2019 dated June 28, 2019. Through the SRO the FBR reduced the regulatory duty to zero from 60 percent. FBR […]