FBR withdraws regulatory duty on over 250 tariff lines

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ISLAMABAD: Federal Board of Revenue (FBR) has abolished regulatory duty on over 250 tariff lines to 480 from 731 tariff lines.
The FBR on Thursday withdrew the SRO 1035(I)/2017 issued on October 16, 2017 whereby the revenue body imposed regulatory duty on 731 tariff lines.
On Thursday FBR issued SRO 640(I)/2018 to impose the regulatory duty on 480 tariff lines.
FBR sources said that the regulatory duty on various items had been withdrawn on the recommendation of commerce ministry.
The regulatory duty has been withdrawn on mainly those items which would help in promoting exports.
The new SRO 640(I)/2018 can be downloaded here.