Tag Archives: Regulatory Duty

Karachi Chamber demands reducing duty, taxes on dry milk

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has demanded the government of reducing duties and taxes on dry milk in order to encourage legal imports and encounter smuggling.

Law to be amended for regulatory duty implementation: Haroon Akhtar

KARACHI: The government will amend laws to continue the implementation of regulatory duty which is major source of revenue collection, Haroon Akhtar, Special Assistant to Prime Minster, said on Monday.

Commerce ministry recommends regulatory duty removal on 57 tariff lines, including 47 steel products

KARACHI: The ministry of commerce has recommended withdrawal of regulatory duty on 57 tariff lines out of which 47 tariff lines are of steel products.

IMF recommends withdrawal of regulatory duties, cash margin requirements

ISLAMABAD: International Monetary Fund (IMF) has recommended Pakistan to withdraw regulatory duties and cash margin requirement as such measures may not help in reducing external imbalances but can adversely impact competitiveness.

Sindh High Court declares RD imposed through SRO 1035, exercising powers as illegal

KARACHI: Sindh High Court (SHC) in a landmark judgment on Wednesday declared the imposition of regulatory duty as illegal besides also declaring the powers as illegal exercise by minister in-charge and Federal Board of Revenue (FBR) in amending the rates of duty.

Regulatory duty not applicable on home appliances in kit form: FBR

KARACHI: Federal Board of Revenue (FBR) has clarified that regulatory duty is not applicable on import of home appliances in kit form.

No facilitation to imported consumer items; regulatory duty to remain intact

KARACHI: Secretary Commerce, Mohammad Younus Dagha has said that Regulatory Duty was imposed with an intention to only discourage the import of consumer goods and the Ministry of Commerce is also against imposition of RD on raw material which is the basic reason why RD on 35 raw materials has been withdrawn recently.

FBR withdraws regulatory duty on various imported items used for manufacturing

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday excluded many items from regulatory duty regime, which reduce the cost of manufacturing for confectionery, value added chicken, vendors of automotive OEM sectors etc.

FBR reduces regulatory duty on various imported raw materials

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued list of items on which regulatory duty has been reduced on import of various raw material by manufacturers.

No regulatory duty on home appliances in CKD kits

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that regulatory duty is not applicable on import of home appliances in CKD kits form.