201511.30
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Revised rate of Sales Tax on Petroleum products.

Vide SRO 1180(I)/2015 dated 30.11.2015, Federal Government has amended. SRO 383(I)/2015 dated 30.04.2015 and rates of the petroleum products have been revised w.e.f. 01.12.2015. New rates are as under:–   Sr. No. Description Old Rate of Sales Tax New Rate of Sales Tax 1 Motor Spirit excluding HOBC 22% 24% 2 HOBC 16.5% 16.5% 3…

201511.30
0
0

Increase of excise duty on cigarettes

Vide SRO 1181(I)/2015 dated 30.11.2015, FBR has imposed fixed duty on cigarettes at the rates specified in the below table. Sr. No. Existing description of goods New description of goods Existing rate of duty New rate of duty 1. Locally produced cigarettes if theiron-pack printedretail price exceedsrupees three thousand three hundred and fifty per thousandcigarettes….

201511.02
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Levy of Regulatory Duty on Import of Cotton Yarn and Fabric

Federal Government has made certain amendments in SRO 568(I)/2014 dated 26.06.2014 through SRO 1055(I)/2015 dated 30.10.2015. Regulatory duty @ 10% has been imposed on “Cotton yarn and fabric” falling under the following chapters of the Pakistan Customs Tariff: (i) 52.05 (ii) 52.06 (iii) 52.07 (iv) 52.08 (v) 52.09 (vi) 52.10 (vii) 52.11 (viii) 52.12 This…