FBR imposes Regulatory duty of 5% to 90% on 657 imported items
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty on 657 imported items, in the range of 5% to 90%effective from July 1, 2024 vide SRO 928(I)/2024. 90%…
FBR Announces Comprehensive Customs Duty Reforms in Finance Bill 2024
KARACHI: The Federal Board of Revenue (FBR) has unveiled a series of reforms concerning customs duties as outlined in the Finance Bill 2024. The FBR’s announcement highlighted several guiding principles…
SHC issues detailed judgment in petitions by Hascol Petroleum & others
KARACHI: A custom appellate bench of High Court of Sindh issued a detailed judgment in petitions pertaining to levy of regulatory duty on “Motor Spirit”. The Petitioners in all these…
Regulatory duty on 350 items including 1800cc cars gone
KARACHI: Pakistan has completely abolished regulatory duties on the import of used cars of up to 1,800cc. It also cut duty rates for new cars, mobile phones and other range…
SHC Regulatory Duty – Petitions Dismiss
KARACHI: Dozens of petitions challenging imposition of regulatory duty on imported goods was dismissed by a custom appellate bench of High Court of Sindh including leading petition no CP-D 5887/2022.…
SHC issue notice to Customs, DAG in petition against Regulatory Duty
KARACHI:A division bench of High Court of Sindh (SHC) ordered issuance of notice to Chairman FBR, Collector of Pakistan Customs MCC East and West besides Deputy Attorney General for Pakistan…
SHC orders notice in another petition challenging Regulatory Duty
KARACHI: Notices were issued to Pakistan Customs and othe respondents for Oct 18 in another petition challenging imposition of Regulatory Duty through SRO 157(1)/2022 dated 22-8-2022. Shahab Imam advocate appeared…
SHC puts Chairman FBR,Collector Customs East, West on notice in RD case
KARACHI: The Chairman FBR and Collectors of Model Custom Collectorate East and West were put on notice by a customs Appellete bench of High Court of Sindh. The petition was…
RD on vehicles import increased by 100%
KARACHI: Revenue Division has raised the rate of regulatory duty to 100 per cent on import of motor vehicles into the country. The Federal Board of Revenue (FBR) issued SRO…
Government to impose/increase Regulatory Duty on 892 tariff lines
KARACHI: As per directions of the ECC/Cabinet, Tariff Policy Board (TPB) constituted under National Tariff Policy, 2019-24 having representation of all stakeholders i.e. Minister for Industries & Production, Chairman FBR,…
5.0% regulatory duty on cotton yarn import abolished
KARACHI: The government has abolished five percent regulatory duty on yarn import amid anticipated shortage of the industrial input on falling cotton output in the country. The Economic Coordination Committee…
Contempt notices issued to Chief Collector, Collectors Pakistan Customs for Nov 18
KARACHI: The contempt of court notices were issued against Chief Collector South, Collectors of East, West and Port Muhammad Bin Qasim collectorates for Nov 18 in dozens of applications in…
SHC re_endorse judgment about Regulatory Duty
KARACHI: More than 50 petitions challenging imposition of Regulatory Duty (RD) through Finance Act 2017 were disposed of by a customs Appellate bench of High Court of Sindh declaring the…
Federal budget proposes Custom duty, regulatory duty reduction on a large number of products and raw material
KARACHI: Federal Budget 2020-21 has proposed exemption of additional custom duties on those tariff lines which now attract zero customs duty in tariff along with reduction of custom duty on…
Tyre traders seek FPCCI intervention for removal of regulatory duty
KARACHI: Pakistan Tyre Importers and Dealers Association (PTIDA) has demanded immediate removal of regulatory duty on tyres. A delegation of PTIDA visited Federation of Pakistan Chambers of Commerce and Industry…
PTIDA Delegation requested FPCCI intervention for removal of Regulatory Duty on Tyres
Pakistan Tyre Importers and Dealers Association (PTIDA) has demanded immediate removal of Regulatory Duty on Tyres. A delegation of PTIDA led by Mr. Shahid Anwal, Chairman FPCCI Standing Committee on…
SHC hears petitions by manufacturers against concession, IPO restriction, Regulatory Duty
KARACHI: The ship breaking industry is enjoying concessionary tax regime on re-melt-able iron scrap detrimental to commercial importers and manufacturers. The commercial importer, manufacturers also faces Import Policy Restriction and…
SHC restrains customs from recovering Regulatory Duty
KARACHI: A customs appellate bench of High Court of Sindh (SHC) restrained the respondent custom officials from coercive recovery of “Regulatory Duty” while issuing pre-admission notice for Jan 14. The…
SHC adjourns Regulatory Duty cases till Oct 16 DAG asked to bring the format of approval by the Federal government
KARACHI: An appellate bench of High Court of Sindh (SHC) directed a federal law officer to place before the court the format, minutes of the Cabinet or Agenda for approving…
SHC reserves judgment in petitions against delay in refund of Regulatory Duty amounts
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday reserved judgment in dozens of petitions seeking return…