Government imposes new import levies on 480 items

In an SRO released on 24th May, 2018 the Ministry of Finance, Economic Affairs, Revenue and Statistics (Revenue) Department “in exercise of powers conferred by sub-section (3) of section 18 of the Customs Act, …… the Federal Government is pleased to levy regulatory duty on import of goods specified.”

The new levy imposed on a total of 480 items “shall remain effective till 30 June, 2019.”

The important items with their respective duties are mentioned below:

Float glass: 10 percent

Porcelain Tableware: 40 percent

Ceramic Tableware: 20 percent

PVC Resin: 2 percent

Footwear: 15 percent

Razors: 20 percent

Razor blades: 20 percent

New CBU’s: 15-80 percent

Used CBU’s 1800+ CC (incl SUV’s): 60 percent

Wall tiles: 40 percent

The Department seeks to protect and increase the share local producers’ market share by imposing hefty levies on imports. Due to a phenomenal rise in the import of Completely Built Units, the local auto producing companies have suffered immensely. With the new auto policy in place, the government seeks to increase the local competitiveness..

Posted on: 2018-05-25T09:04:00+05:00