KARACHI: Federal Board of Revenue (FBR) has issued notification to impose regulatory duty on import of Liquefied Petroleum Gas (LPG) at the rate of Rs4,669 per metric tons.
The FBR issued SRO 1241(I)/2017 to impose the regulatory duty. Through this SRO, the FBR also amended the SRO 1035(I)/2017 dated October 16, 2017 under which the government imposed regulatory duty on over 700 items.
To impose the regulatory duty on LPG was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet held on November 28, 2017.
Prime Minister Shahid Khaqan Abbasi chaired the said meeting and acceded to a proposal for levying of regulatory duty on import of LPG. The step would help maintaining parity with the locally produced LPG.
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