KARACHI: The Revenue Division, Ministry of Finance has exempted imports of input materials used for manufacturing of auto parts by local vendors from the imposition of regulatory duty (RD), while regulatory duty on several importable items has been reduced by 5-10 percent.
The Revenue Division notified SRO No. 190(I)/2019, according to which regulatory duty (RD) on ground-nuts (12.02) is reduced to 30 percent from 40 percent earlier; on Malt Extract (19.01) RD is reduced is reduced to 15 percent from 20 percent earlier; RD on Other Master Batches (3206.4990) is reduced to 10 percent from 15 percent earlier; on Sulphonic acid preparations put up for retail sale (34.02, RD is reduced to 15 percent from 25 percent earlier; on Floor Coverings of plastics (39.18), RD is reduced to 20 percent from 30 percent earlier.
RD on synthetic filament yarn of polyester (54.02) is reduced to 2.5 percent from 5.0 percent earlier. RD on parts of footwear (64.06) is reduced to 10 percent from 15 percent earlier. RD safety glass (7007.1900) is reduced to 5.0 percent from 15 percent earlier.
RD on Padlocks (8301.1000), locks of a kind used for furniture (8301.3000), other locks (8301.4000) and other locks suitable for furniture (8302.4200) is reduced to 5.0 percent from 10 percent earlier.
RD on Air Conditioning machines – enameled and coated for anti-rust purposes- (8415.9011); others (8415.9030); Air Conditioning covers for inner body (8415.9030) and others (8415.9099) is reduced to 5.0 percent from 10 percent earlier, if imported by registered units of air conditioner manufacturers.
RD on furniture parts (9403.9000) is reduced to 15 percent from 35 percent while RD on Vacuum Flasks (9617.0010) is reduced to 30 percent from 40 percent earlier.
RD on Chocolate and other food preparations (18.06) is reduced to 15 percent from 20 percent earlier.
PVC Resin (3904.1090), Pigment Thickener (3906.9030) and Acrylic thickener (3906.9040), Aluminum waste/scrap (7602.0090), Washing Machine parts (8450.9000) and parts of electric heaters/iron (8516.9000) have been excluded from the ambit of SRO No.1265 (I)/2018, hence these goods are exempted from the imposition of RD.