ISLAMABAD: Federal Board of Revenue (FBR) has exempted small and medium enterprises (SMEs) and export-oriented units from paying regulatory duty levied through SRO 1035(I)/2017 on import of raw material and machinery.
The FBR issued a list of 731 items for the imposition of regulatory duty ranging from 2 to 80 percent. Sources in the FBR said that through the SRO imports under Small and Medium Enterprises and Export Oriented Units Rules, 2008.
The sources said that the imposition of regulatory duty would not burden the exporters or manufacturers of SMEs in purchase of imported raw material.
