Tag Archives: Federal Board of Revenue

FBR notifies functions of IOCO directorate

ISLAMABAD: Federal Board of Revenue (FBR) has notified functions of the Directorate General of Input Output Coefficient Organization (IOCO) for determination of duty drawback rates for repayment.

Import of steel products as raw material allowed reduced duty rate

ISLAMABAD: The federal government has allowed reduced rate of customs duty on import of steel products as raw material by amending existing notification.

Customs duty exempted on import of electric vehicles

ISLAMABAD: The government has exempted the customs duty on import of electric vehicles Completely Buildup Unit (CBU) meant for transport of persons.

FBR issues procedure for sale of confiscated tampered vehicles

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued procedure for sale of confiscated vehicles with tempered chassis number to government and semi government departments.

FBR notifies imposition of 2pc additional customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has notified additional customs duty at 2 percent on import of goods specified in the First Schedule to the Customs Act, 1969.

FBR revises customs duty on imports under China FTA

ISLAMABAD: Federal Board of Revenue (FBR) has notified revised rate of customs duty for import of goods from China under Free Trade Agreement (FTA).

FBR withdraws regulatory duty on over 250 tariff lines

ISLAMABAD: Federal Board of Revenue (FBR) has abolished regulatory duty on over 250 tariff lines to 480 from 731 tariff lines.

FBR notifies enhanced FED on cigarettes, cement

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified federal excise duty on cigarettes enhanced through Finance Act, 2018.

FBR clarifies out of court settlement through fake notification

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday clarified that it has not issued any notification regarding out of court settlement of outstanding amount.

Advance booking of cars to be cancelled for non-filers

KARACHI: Car assemblers have warned general public that their advance booking may be cancelled in case they are not filer of income tax returns at the time of delivery i.e. after July 01, 2018.