Tag Archives: Regulatory Duty

No more exemption of regulatory duty on personal baggage

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KARACHI: The exemption of regulatory duty on personal baggage has been withdrawn as SRO 1035(I)/2017 superseded SRO 568(I)/2014.

FBR abolishes exemption of 1pc additional customs duty on import of 1800CC vehicles

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KARACHI: Federal Board of Revenue (FBR) has withdrawn exemption of one percent additional customs duty on import of old and used vehicles above 180CC following the imposition of new regulatory duty through SRO 1035(I)/2017.

Tiles and sanitary ware industry threatens to shut down against imposition of regulatory duty

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KARACHI: Mohammad Amin Lasania, Chairman, All Pakistan Tiles and Sanitary Merchants Association has warned the authorities that if regulatory duty and anti-dumping duty are not withdrawn then the industry has no option but to shut down their businesses, which will not only decline the revenue but also cause unemployment of one million people attached to this industry.

FPCCI invites inputs on regulatory duty impact

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday invited inputs from business community regarding negative impact of recently imposed regulatory duty, especially on import of raw material.

Parliament approval must for imposing regulatory duty

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LAHORE: The All Pakistan Business Forum has rejected the imposition of additional regulatory duty on import, saying the government neither can impose any duty nor enhance taxes without the approval of the parliament. The regulatory duty was imposed by the government on 797 items including industry raw material without taking the business community on board who are the real stakeholders.

FBR says levy of duties aimed at reducing import bill

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ISLAMABAD: Federal Board of Revenue (FBR) has said that the purpose of recently-levied duties is to reduce the import bill, provide enabling atmosphere for competition to local manufacturers and further economic growth of the country.

Cosmetic items attract 50pc regulatory duty

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ISLAMABAD: The government imposed 50 percent regulatory duty on import of cosmetic items under SRO 1035(I)/2017 dated October 16, 2017.

Chemical merchants reject imposition of regulatory duty on raw material

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KARACHI: Pakistan Chemicals & Dyes Merchant Association (PCDMA) has rejected the imposition of regulatory duty on 731 items saying it will increase the cost of manufacturing of various products besides inflate prices of various consumer products.

SME, export sectors exempted from regulatory duty

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ISLAMABAD: Federal Board of Revenue (FBR) has said that Small and Medium Enterprises (SMEs) and export oriented units are exempted from paying regulatory duty levied through SRO 1035(I)/2017 on import of raw material and machinery.

Rate of regulatory duty on import of vehicles under SRO 1035

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed regulatory duty up to 80 percent on import of vehicles under SRO 1035(I)/2017 issued on Tuesday.