ISLAMABAD: The Federal Board of Revenue (FBR) has exempted customs duty on import of 13 items including cotton, artificial staple fibre and other types of cotton.
The FBR, through SRO No 38(I)/2017 and SRO No 39(I)/2017, exempted customs duty and additional customs duty on these items from January 17, 2016 to June 30, 2018.
According to SRO No 39(I)/2017, the FBR cut duty on the import of (PCT Code 52.01) cotton, not carded or combed; (PCT Code 52.03) cotton, carded or combed; (PCT Code 5503.1100) of aramids; (PCT Code 5503.1900) other; (PCT Code 5503.3000) Acrylic or modacrylic; (PCT Code 5503.4000) of polypropylene; (PCT Code 5503.9000) Other; (PCT Code 5504.1000) of viscose rayon; (PCT Code 5504.9000) other; (PCT Code 5506.1000) of nylon or other polyamides; (PCT Code 5506.3000) acrylic or mod acrylic and (PCT Code 5506.9000) other and (PCT Code 5507.0000) artificial staple fibres, carded, combed or otherwise processed for spinning.
Under SRO No 38(I)/2017, the FBR exempted additional customs duty on the import of 13 items including imports of goods classifiable under PCT codes 52.01, 52.03, 5503.1100, 5503.1900, 5503.3000, 5503.4000, 5503.9000, 5504.1000, 5504.9000, 5506.1000, 5506.3000, 5506.9000 and 5507.0000.
