Increase in Federal Excise Duty on Cigarettes
Federal Board of Revenue has issued SRO 422(I)/2004 to give immediate effect to the proposed enhancement of Federal Excise duty on Cigarettes vide Finance Bill, 2015. These rates have been made effective from 04.06.2014. The new rates of federal excise duty on cigarettes are as under:-
TABLE
|
S. No. |
Description |
PCT heading |
Rate of Duty |
|
|
(1) |
(2) |
(3) |
(4) |
|
|
1. |
Locally produced cigarettes if their on-pack printed retail price exceeds rupees two thousand seven hundred and six per thousand cigarettes. |
24.02 |
Rupees two thousand six hundred and thirty two per thousand cigarettes. | |
|
2. |
Locally produced cigarettes if their on-pack printed retail price does not exceed rupees two thousand seven hundred and six per thousand cigarettes. |
24.02 |
Rupees one thousand and eighty five per thousand cigarettes. | |