Tag Archives: Customs Duty
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday exempted the customs duty on import of material imported by textile industry. The exemption has been granted under the export package announced by the Prime Minister on January 10, 2017.
KARACHI: All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Zone has appealed the government for withdrawal of 4 percent import duty on raw cotton as the local crop is estimated to be not more than 11.25 million bales this year.
KARACHI: Textile millers have expressed annoyance over hike in customs duty to 4 percent on import of cotton by the government amid severe shortage of domestic output. In order to save textile industry they demanded abolishing the duty to zero percent.
FBR withdraws customs duty exemption on import of textile machinery, equipment; allowed in fifth schedule
KARACHI: The Federal Board of Revenue (FBR) has withdrawn a notification allowing exemption from whole of customs duty on import of machinery and equipment by textile industry.
KARACHI: The Federal Board of Revenue (FBR) has allowed zero-rated customs duty on import of vehicles and machinery by companies engaged in mineral exploration and extraction.
KARACHI: The Finance Bill 2016 has proposed to implement the recently announced Automotive Development Policy 2016-2021 in order to achieve long-term goal of developing modern, competitive and viable automobile and auto-part industry in Pakistan. The bill also proposed removal of regulatory duty on certain automobile parts and implementation of customs duty at zero-percent or reduced rate on certain automobile parts from fiscal year 2016/2017.
KARACHI: The Federal Board of Revenue (FBR) has proposed increase in customs duty on imports of various goods in order to raise revenue collection during fiscal year 2016/2017.
KARACHI: Pakistan has granted exemption worth Rs39.57 billion on import from China under Free Trade Agreemet (FTA) during fiscal year 2015/2016.
KARACHI: The government has announced reduction of duty slabs to four from five by merging 2 percent slab and 5 percent slab in new 3 percent slab.
ISLAMABAD: The federal government has given customs duty concession on import of LED lights to save energy and promote alternate sources of energy.