FBR notifies changes in regulatory duty regime


KARACHI: Federal Board of Revenue (FBR) has notified changes in regulatory duty on import of various goods to be implemented during tax year 2018, if not amended by the board.
According to Tax Memorandum on Finance Act, 2017 issued by A F Ferguson Chartered Accountants the regulatory duty on various items have been amended vide following SROs
SRO 504(I) / 2017 amending SRO482(I)/2009
SRO 505(I) / 2017 amending SRO 568(I)/2017
SRO 555(I) / 2017 amending SRO 568(I)/2017
SRO 556(I) / 2017 amending SRO 39(I) / 2017
Regulatory duty has been increased in the following cases:
– 10 percent on import of harvesters-threshers five to ten years old
– 20 percent on import of harvesters-threshers more than ten years old
– 5 percent on synthetic filament yarn (of polyesters)
– 10 percent on animal protein meals
– Rs250 per set levied on mobile phones (In lieu of existing customs duty of Rs. 250 per set)
– Certain telecom equipments at 9 percent
– Levy on betel nuts increased from 10 percent to 25 percent
– Rs 200/KG levied on betel leaves
– In addition to the above, regulatory duty has been levied / increased on 565 non-essential items, ranging from 5 percent to 15 percent
Regulatory duty has been reduced on certain items as under:
(i) From 5 percent to zero percent on Fowls of the species Gallus domesticus (chicken)
(ii) From 10 percent to 5 percent on aluminum waste or scrap.