"Director-General recommends an increase in the rate of customs duty
on imports of subject goods originating in Malaysia by five per cent for a period of 180 days which is considered appropriate to safeguard the interest of domestic industry," said an official statement.
According to SRO 52(I)/2019, the overseas Pakistanis are sending dues of customs duty
from their bank accounts but fluctuations in the currency rate and change in the duty and tax structure have caused problems for them.
Since August 2016, India has imposed a 35 per cent customs duty
on flat-screen TVs.
Precious metals brought in to India by passengers flying to the country has been classified in the 2019 budget as "Gold and Silver imported by an eligible passenger as baggage," and the customs duty
placed on them will be categorised as indirect taxes.
Further, loss of Customs Duty
on account of non-tariff/tariff measures on specific items like vehicles, furnace oil, betel nut and other edibles etc., has been estimated to be above Rs35bn.
In November 2018, Minister of State for Revenue Hammad Azhar had announced that Pakistani expatriates will be allowed to bring only one mobile phone to the country, per year, free of customs duty
as per the new personal baggage rules.
The budget statement for the fiscal year 2019/20 presented on May 29 by Finance Minister before the joint session of the federal parliament states that a 10 per cent customs duty
has been fixed on textbooks imported from India.
The government has proposed five percent customs duty
and ten percent federal excise duty on import of LNG which will add to the problems of CNG operators, he said.
ISLAMABAD -- The Federal Board of Revenue (FBR) notifies Monday the exemption of customs duty
on import of cotton.
New Delhi: Auto industry body SIAM Friday sought increase in customs duty
for imported fully-built commercial vehicles to 40 per cent from the current 25 per cent as part of its wish list ahead of the Budget.
The transfers were through the implementation of 168,726 transactions in the Automated Transfer Customs Duty
(ATCD) system, which was launched in October 2015, Emirates News Agency (WAM) reported.