recorder report

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented customs budgetary measures from July 1, 2019 by increasing/imposing regulatory duties on the import of 569 items and imposing 2 percent additional customs duty on tariff slabs of zero percent, 3 percent and 11 percent; 4 percent additional duty on tariff slabs of 16 percent and 7 percent additional duty on items covered under tariff slabs of 20 percent and higher.

The FBR has issued SRO 670(1)/2019 here on Saturday to implement the customs budgetary measure of imposing additional customs duty on different tariff slabs.

Under SRO 680(I)/2019, the FBR has increased or imposed regulatory duties on the import of 569 items including different types of vehicles. This notification shall take effect from 1st July, 2019 and, if not rescinded earlier, will remain in force till June 30, 2020.

The RD has been imposed or increased within the range of 5 percent, 10 percent, 15 percent, 20 percent, 25 percent, 30 percent, 35 percent, 40 percent, 50 percent, 70 percent and 90 percent.

The FBR has imposed 50 percent RD on the import of cheese and curd, natural honey (30 percent); imitation jewellery (45 percent); coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled (20 percent); fruit juices (60 percent); instant coffee in bulk (15 percent); soups and broths and preparations therefore; homogenised composite food preparations (20 percent); ice cream (20 percent); paints and varnishes (5 percent); perfumes and toilet waters (50 percent); articles of apparel and clothing accessories (10 percent); wallpaper and similar wall coverings; window transparencies of paper (30 percent); tableware, kitchen ware, other household articles and toilet articles, of porcelain or China, Ceramic tableware, kitchen-ware, other household articles and toilet articles, other than of porcelain or China (20 percent); energy saving lamps (2 percent); new mini vans (CBU) 15 percent; new 4x4 vehicles (CBU) 15 percent; new sport utility vehicles (15 percent); old and used cars and jeeps 1801cc to 3000cc and old and used cars and jeeps above 3000cc (70 percent); new sport utility vehicles (SUVs 4x4) (90 percent); vehicles of a cylinder capacity exceeding 1000cc but not exceeding 1300cc (15 percent); bicycles and other cycles (including delivery tricycles), (10 percent); wrist watches, pocket watches and other watches, including stop watches, with case of precious metal or of metal clad with precious metal (30 percent), and microphones and stands; loudspeakers, whether or not mounted in their enclosures; headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone end one or more loudspeakers; audio-frequency electric amplifiers; and electric sound amplifier sets are subjected to 5 percent.

The rate of regulatory duty on import of CKD/SKD kits, of home appliances, mentioned and of which kits are not specified separately therein, shall be 5 percent.

For the purpose of levy of regulatory duty under this notification, the value of vehicles (PCT Code 87.03) having bullet proofing and other security features shall be the same as determined under notification SRO # 1121(1)12007, dated the 17th November, 2007.

Under SRO 670(1)/2019, the value of goods for purpose of levying additional customs duty shall be the value as determined under section 25 or section 25A of the Customs Act 1969.

The additional customs duty shall not be levied on import of seeds and spores for sowing; import under Chapter 31 of First Schedule of the Customs Act, 1969; import of goods classifiable under specific PCT codes; plant and machinery used in manufacturing or production of goods as is classifiable under Chapter 84 and 85 of the First Schedule to the Customs Act, 1969; import under Chapter 99 of First Schedule of the Customs Act, 1969; import under Fifth Schedule to the Customs Act, 1969 except exclusions; import under the Baggage Rules, 2006; import under sub-chapters 3 and 7 of chapter XII and chapter XV of Customs Rules, 2001; import under Notification # SRO 577(1)/2005 dated 6th June,2005; import under Notification No. SRO 565(1)/2006 dated 5th June, 2006; import under Notification # SRO 693(1)12006 dated 1st July, 2006; import under Small and Medium Enterprises and Export Oriented Units Rules, 2008; import under temporary importation scheme vide SRO 492 dated the 13th June, 2009 and imports under condition of SRO 678 by the Exploration and Production Companies, their contractors and service companies for offshore projects only.