Vide SRO 582(I)/2017 dated 01.07.2017 FBR has made following amendments in SRO 413(I)/2012 dated 25.04.2012 (Tracking and Monitoring of Cargo Rules, 2012):- These rules have been made applicable to all transit cargos including (i) cargo imported into or exported from Export Processing Zones, Special Economic Zones, Free Zones, (ii) exports from Manufacturing Bonds under SRO…
Vide SRO 580(I)/2017 dated 01.07.2017 Federal Government has exempted additional customs duty (paid at the time of in-bonding of goods) in excess of 0.25% of the value in respect of goods warehoused under safe transportation scheme i.e. manufacturing bond (SRO 450(I)/2001), Export Oriented Units and Small and Medium Enterprises Rules, 2008 (SRO 327(I)/2008) etc.
Vide SRO 565(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made certain amendments in SRO 577(I)/2006 dated 05.06.2006 (Exemption from customs duty & sales tax on import and sale of motor vehicles by diplomats, privileged persons, organization and agency). Applicable rate of duty and procedure for disposal of second vehicle of…
Vide SRO 564(I)/2017 dated 01.07.2017 FBR has made following amendments in the Customs Rules, 2001:- In case of cancellation / suspension of registration of the auctioneer appeal shall lie with the Chief Collector. Previously appeal had to be filed with FBR. Procedure for reassessment of goods for auction has been changed and extent of depreciation…
Vide SRO 563(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendments in SRO 499(I)/2009 dated 13.06.2009 (confiscation of goods and minimum redemption fine). Option of redemption fine shall not be available to second hand front cabin / half cut / HTV/LTV/Cars. These goods shall be liable to outright confiscation.
Vide SRO 562(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendments in SRO 499(I)/2013 dated 12.06.2013 (exemption of customs duty, sales tax and withholding tax on Hybrid Electric Vehicles). Through this amendment exemption on Hybrid Electric Vehicles (HEVs) of engine capacity exceeding 2500cc is withdrawn.
Vide SRO 560(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendment in SRO 693(I)/2006 dated 01.07.2006 (additional customs duty). Through these amendments following changes are made:- Additional customs duty shall be leviable on imports by new entrants after 30.06.2016. Cylinder Head (up to 70cc) shall also be entitled for concessionary…
Vide SRO 559(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendment in SRO 656(I)/2006 dated 22.06.2006 (Exemption from customs duty for OEMs of Automotive sector). List of items entitled for concessionary rate for manufacture of ‘Trailer of PCT heading 87.16’ is enhanced. Newly introduced item and concessionary rates are as…
Vide SRO 558(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendment in SRO 655(I)/2006 dated 22.06.2006 (Exemption from customs duty for vendors of Automotive sector). Through this amendment exemption of additional customs duty under the notification has been restricted to additional duty under SRO 693(I)/2006 dated 01.07.2006. Now any additional…
Vide SRO 557(I)/2017 dated 01.07.2017 FBR with the approval of Minister in Charge has made amendments in SRO 39(I)/2017 dated 23.01.2017 (Textile Package). Through these amendments following changes are made:- Import of Synthetic Staple fibers of polypropylene falling under PCT heading 5506.4000 has been exempted from whole of customs duty. Exemption of customs duty on…
