PESHAWAR: Collector Customs Collectorate of Saeed Jadoon has said that customs department has recommended certain reductions in the duties.
Talking to Customs Today the collector said that the reduction of duty from 11% to 3% and removal of 5% RD on grandparent and parent stock of chicken has been suggested in the next budget. Reduction of duty on import of hatching eggs from 11% to 3% has also been proposed while reduction of RD on aluminum waste or scrap from 10% to 5% has also been given.
Collector Saeed told that exemption of 3% CD on raw skins & hides has also been suggested while exemption of 16% CD on stamping foils and reduction of CD on sheets for veneering rom 16% to 11% has also been suggested.
The Customs collector added that reduction of CD on pre-fabricated modular clean rooms panels from 20% to 3% and exemption of 3% CD on import of ostriches has also been given.
Reduction of CD on fabric (non-woven) for pharmaceutical industry from 16% to 5% has also been suggested in the next FY budget of Federal Board of Revenue.
Collector Saeed said that protection to local industry has also been given extra edge and 5% RD levied on import of synthetic filament yarn (of polyesters) has reduced. Increase of CD on aluminum beverage cans from 11% to 20% has also been suggested in the coming up Budget.
CD reduced on undercoated polyester film and aluminum wire from 20% to 11% for manufacturers of vitalized yarn. CD reduced from 20% to 16% and from 16% to 11%, on raw materials for manufacturers of baby diapers.
