KARACHI: The import of motor vehicles in Pakistan has surged by 19.4 in terms of value as vehicles worth Rs53.931 billion were imported during first ten months of the current fiscal year (July 2014-April 2015) attracting Customs duty of Rs21.126 billion compared with the total imports of Rs45.161 billion and customs duty thereof of Rs18.595 billion in the same period last year, says the data of Customs Appraisement South.
Similarly import of woven fabrics of artificial staple fibers through Appraisement South surged by massive 464 percent to Rs7.111 billion in the period under review attracting customs duty of Rs1.066 billion as against imports of Rs1.26 billion and duty collection thereon of Rs183.847 million.
Import of machinery/plant/laboratory equipment surged by 153.7 percent to Rs13.577 billion in the ten months of this fiscal as against imports of Rs5.35 billion in the same period last year. Duty collection also surged to Rs787.031 million this year compared with Rs222.355 million last year.
Imports through Appraisement South of electric generating sets declined to Rs30.581 billion in ten months of this fiscal year as against Rs31.118 billion last year. Duty collection stood at Rs1.174 billion this year as against Rs796.993 million last year.
Footwear import surged to Rs2.099 billion in 10MFY15 as against Rs434.21 million in 10MFY15. Duty collection stood at Rs457.714 million compared with Rs94.689 million last year.
A large quantity of parts of railway or tramway locomotives were imported during 10MFY15 worth Rs7.212 billion attracting duty of Rs359.128 million as compared with imports of Rs1.203 billion and duty of Rs60.175 million last year.
Imports of ferrous waste/scrap surged to Rs70.861 billion attracting sales tax of Rs9.922 billion in 10MFY15 compared with imports of Rs57.685 billion and duty collection of Rs3.305 billion in 10MFY14.
Import of oil cake and other solid residue increased in the July 2014 to April 2015 to Rs24.411 billion attracting sales tax of Rs1.28 billion as against import of Rs9.207 billion and tax collection of Rs0.365 million in the same period last year.
Palm oil and its fractions are imported in a very large quantity and contributes significantly in the revenue collection at Customs stage. The import of this commodity during the ten-month period (July 2014 to April 2015) declined to Rs19.698 billion as against the import of Rs133.903 billion in the same period last year. Resultantly the Customs duty collected also declined to Rs1.967 billion compared with Rs12.987 billion last year.
Import of Polymers of propylene or of other olefins in primary forms declined to Rs36.021 billion in 10MFY15 as against Rs45.793 billion in 10MFY14. Customs duty collection declined to Rs1.648 billion in 10MFY15 as against Rs2.095 billion in 10MFY14.
Import of flat rolled products of iron or non-alloy steel (600mm) surged to Rs20.511 billion in 10MFY15 as compared to Rs20.222 billion in the same period last year. Customs duty collected on these imports declined to Rs1.803 billion in the period under review as against Rs2.155 billion in the same period last year.
Import value of stranded wire, cables, plaited bands and the like of aluminum stood at Rs 484.824 million and Customs duty collection of Rs90.499 million in 10MFY15 as compared with import value of Rs1.616 billion and custom duty of Rs291.068 million in 10MFY14.
Milk and cream of Rs11.452 billion was imported in 10MFY15 on which customs duty of Rs2.719 billion was collected while in 10MFY14 import of these goods stood at Rs8.232 billion on which customs duty of Rs1.89 billion was collected.