ISLAMABAD: The Federal Board of Revenue (FBR) has decided to decrease duty on import of foreign origin cloth and tea in the budget of 2016-17. The basic purpose to decrease the duty is to curb smuggling.
Sources told Customs Today that the government received complaints that a huge quantity of foreign origin cloth and tea is being smuggled to Pakistan under Pak-Afghan Transit Trade (APTT). Sources said that one container of duty paid cloth costs Rs 2.5 million while the same container costs Rs 1.3million through Afghan Transit Trade .
Sources are optimistic that the traders will prefer to import cloth through legal channels due to minor difference in prices.
