KARACHI: The government of Pakistan has notified customs duty exemption and concessions on raw materials used for a number of products. SRO 474(I)/2016 has amended the table of earlier SRO 565(I)/2006.
SRO 565(I)/2005 exempts raw materials, sub-components, components, sub-assemblies and assemblies imported for the manufacture of certain goods from so much of customs-duty leviable under the First Schedule to the Customs Act, 1969.
Raw material for the manufacturing of stationary are exempted from customs duty in excess of zero percent.
These raw material include Potato starch, acid dyes whether or not premetallised, and preparations based thereon; mordant dyes and preparations based thereon (acid dyes / dyestuff) ), non-textile grade Pigments and preparations based thereon (pigments)), non-textile grade, Stamping foil, Inks for ball points pens, fine liners and fibre tips, Edenol, Hardners, Acrylic polymer (fast drying), Alkyd resins (fast drying), Amino-resins (fast drying), Cellulose nitrate, Carboxyl-methyl cellulose and its salts (carboxy methyl cellulose), Porous fibre rods for making marker nibs, Heat transfer film, Electro galvanized wire, Spring wire, Brass alloy wire and Wood sandwich blocks with lead encased.
Sub-components and components for the manufacturing of stationary are exempted of customs duty in excess of 5.0 percent. These Sub-components and components include Carbon for lead, Sharpener blades, Synthetic fiber reservoirs of the kind used in writing instruments (ink reservoirs), Nibs made of special metal for use in manufacture of writing instruments (fountain pen nibs), Nibs points( for fiber tip pens and markers), Tips for fine liners, Raw cores used for making black lead and Color lead. Steel balls not exceeding 1mm diameter are exempt of duty in excess of 3.0 percent.
Similarly raw material for manufacturing of electrical capacitors are exempt of duty in excess of 10 percent/ These include Epoxy Resin, Polyurethane Resin, BOPP Film (Plain capacitor grade), BOPP Film (Metalized capacitor grade), Polyester / Polypropylene seal Film, Insulating Paper and Aluminum Foil (99.9 purity electrolytic grade, plain and etched).
Sub-components and components for the manufacturing of electrical capacitors are exempt of customs duty in excess of 15 percent. These include Silicon Rubber Seals, Supporting Kernels, Insulating Cover Sleeve.
Manufacture or formulation of Agricultural pesticides by manufacturers or formulators duly recognized and approved by the Ministry of National Food Security and Research are exempt of duty in excess of zero percent.
Import of Hot rolled coils/sheets in prime quality are exempt of duty in excess of 5.0 percent if imported by sales tax registered manufacturers of CRC/GI sheets or coils.
Raw material for the manufacture of fans and transformers are exempt of duty in excess of 10 percent while Non Grain Oriented Electrical Steel Sheet are exempt of duty in excess of 5.0 percent.