ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn regulatory duty imposed on many items, which would help reduce the cost of manufacturing for confectionery, value added chicken, vendors of automotive OEM sectors etc.
The FBR issued SRO 06(I)/2018 to amend SRO 1035(I)/2017, which was issued on October 16, 2017 containing a list of 731 items falling under regulatory duty regime.
The FBR amended following changes through new SRO:
Regulatory duty at 30 percent has been withdrawn on imports under PCT (Pakistan Customs Tariff) codes 1202.4200 and 1517.9000, by registered manufacturers of food and confectionery industry:
Chapter 12 of PCT deals with ground nuts, not roasted or otherwise cooked, whether or not shelled or broken;
— Chapter 15 of PCT deals with Margarine; edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading 15.16.
— Regulatory duty at 20 percent has been withdrawn on on imports under PCT codes 1901.9020; 1901.9090; 1905.9000 and 2103.9000, by units engaged in production of value added chicken products.
Chapter 19 of PCT deals with imports of Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing less than 40 percent by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included; food preparations of goods of headings 04. 01 to 04.04, not containing cocoa or containing less than 5 percent by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included. 20pc regulatory duty withdrawn
Chapter 21 of PCT deals with imports of sauces and preparations therefor; mixed condiments and mixed seasonings; mustard flour and meal and prepared mustard. 20pc regulatory duty withdrawn
— Regulatory duty at 10 percent has been withdrawn on import of silver cans and lollipop sticks under PCT 3926.9099
— Regulatory duty at 10 percent withdrawn on import of parts under PCT codes 3926.9099 and 4016.9990 if imported by vendors of automotive OEM sector.
Imports of vehicles CBU by new entrants, as SRO 656(I)/2006 Sr. 1 Table-III
— No regulatory duty on imports of parts of air conditioners PCT codes 8415.9012, 8415.9021 and 8415.9091, if imported by vendors of automotive OEM sector
