FBR imposes 1pc additional customs duty on cotton import

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed one percent additional customs duty on import of cotton from July 15, 2017.
To implement the decision the FBR issued SRO 564(I)/2017 on Thursday. The FBR amended the SRO 1178(I)/2015 under which one percent additional customs duty had been imposed.
The FBR had excluded the one percent customs duty on import of cotton through SRO 38(I)/2017 issued on January 23, 2017.
However, latest SRO deleted the PCT 52.01 and 52.03 from the list of goods which were allowed additional duty relaxation.

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