ISLAMABAD: For duty free importable goods and donations for charities, the Federal Board of Revenue has proposed in the budget 2016-17 that illustrative list may be issued because in the certain cases the items imported by the institutions are not related to the requirement of the project.
The FBR suggested that presently the charities as approved under Section 2(36c) of Income Tax Ordinance 2001 may import goods free of customs duty if the subject goods are “solely for the purpose of advancing the declared objectives” as per PCT it attracts the benefits of exemption.
Therefore, it is proposed that an illustrative list of items importable under this exemption related to an essential for furtherance of declared objectives of that project may be issued on the analogy of list issued vide letter C.NO 17 (14) /2006 Cus Exm-33540-R dated 15th March 2013 in case of import by FGH under PCT Heading 9914.
