ISLAMABAD: The federal government is going to increase regulatory duty on over 313 to overcome Rs40 billion shortfall in Rs3,104 billion tax collection target.
According to the sources, the government has decided enhance regulatory duty on luxury items in order to bridge the gap of Rs40 billion revenue shortfall in next seven months. The government would likely to increase regulatory duty on import of Make-up Items, including perfumes, lip makeup, eye makeup, nail polish, face powder, talcum powder, face and skin creams, lotions, shampoos, hair dyes, tooth paste, deodorants, soap; Food Items, including yogurt, butter, dairy spreads, cheese, natural honey, pineapples, guavas, mangoes, orange, lemons, apples, cherries, peaches, strawberries, pomegranates, dried fruits, chewing gum, cocoa powder, macaroni, vermicelli, pasta, corn flakes, sweet biscuits, waffles and wafers, cucumbers, pickles, tomatoes, tomatoes paste, potatoes and other vegetables, soya sauce, tomato ketchup, ice cream, syrups and squashes, mineral waters, dog or cat food; other items, including marble, granite, waste and scrap of tinned iron or steel and steel items.
