Withdrawal of exemption of regulatory duty on certain items falling under the Fifth Schedule to the Customs Act, 1969.
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugR1NRbU40WjN1YmNwcUNVN0NMZEc4TG11R1R3
Amendment in SRO 482(I)/2009 dated 13.06.2009 (Regulatory Duty on Import of non-essential and luxury items)
Vide SRO 485(I)/2016 dated 29.06.2016, Federal Government has made an amendment in SRO 482(I)/2009 dated 13.06.2009 (Regulatory Duty on Import of non-essential and luxury items). It has been clarified that value of bullet proof vehicles for levy of regulatory duty shall be the same as assessed under SRO 1121(I)/2007 dated 17.11.2007.
Amendments in SRO 693(I)/2006 dated 01.06.2006 (Additional Customs Duty on import of automotive parts / components)
Vide SRO 484(I)/2016 dated 29.06.2016, Federal Government has made following amendments in SRO 693(I)/2006 dated 01.06.2006 (Additional Customs Duty on import of automotive parts / components). (a) Rates of concessionary duty has been revised; (b) Separate entries / rates have been prescribed for different class of vehicles. (c) Certain new conditions have been introduced to…
Amendments in SRO 656(I)/2006 dated 22.06.2006 (Exemption from Customs Duty for OEMs of Automotive Sector)
Vide SRO 483(I)/2016 dated 29.06.2016, Federal Government has made following amendments in SRO 656(I)/2006 dated 22.06.2006 (Exemption from Customs Duty for OEMs of Automotive Sector). (a) Rates of concessionary duty has been slightly increased; (b) Certain new categories have been introduced. (c) Certain new conditions have been introduced to implement Automotive Development Policy 2016-21.
Amendments in SRO 655(I)/2006 dated 22.06.2006 (Exemption from Customs Duty for Vendors of Automotive Sector)
Vide SRO 482(I)/2016 dated 29.06.2016, Federal Government has made following amendments in SRO 655(I)/2006 dated 22.06.2006 (Exemption from Customs Duty for Vendors of Automotive Sector). (a) Rate of concessionary customs duty has been revised upwards. (b) Concession available to bicycle manufacturers has been withdrawn. (c) Separate concessionary rates have been prescribed for auto-rickshaws, 3-wheeler cargo…
SRO 478(I)/2016 dated 24.06.2016
Vide SRO 478(I)/2016 dated 24.06.2016, Federal Government has rescinded SRO 809(I)/2009 dated 19.09.2009 (Exemption of Customs duty on import of certain machinery and equipment by textile industry)
Extention of the operation of Regulatory Duty on import of finished articles of Iron and Steel Vide SRO 477(I)/2016 dated 24.06.2016
Vide SRO 477(I)/2016 dated 24.06.2016, operation of regulatory duty on import of finished articles of iron and steel levied vide SRO 236(I)/2016 dated 21.03.2016 has been extended beyond 30.06.2016. Previously regulatory duty was levied till 30.06.2016only.
Imposition of Regulatory Duties on certain items Vide SRO 475(I)/2016 dated 24.06.2016
Vide SRO 475(I)/2016 dated 24.06.2016 following amendments have been made in SRO 568(I)/2014 dated 26.06.2014 (regulatory duty on imports) (a) Regulatory duty has been imposed on the following Sr. # PCT Code Description Rate of Regulatory Duty (%) 3A 04.02 Milk and cream, concentrated or containing sugar or other sweeteningmatter 25 5A 0404.1010 Whey Powder…
Withdrawal of Concessionary Regime for certain industries Vide SRO 474(I)/2016 dated 24.06.2016
Vide SRO 474(I)/2016 dated 24.06.2016, Federal Government has made following amendments in SRO 565(I)/2006 dated 05.06.2006 and concessionary regime for the following industries have been withdrawn: (a) Powder Coatings; (b) Chrysotile Cement Pipes, sheets & Fittings; (c) Aluminum pre-sensitized printing plates; (d) Artificial Leather Industry;…
Proposed Changes in Customs Act, 1969 through Finance Bill 2016-17.
The proposed changes can be accessed here: http://akhtarali.com/wp-content/uploads/2016/06/Changes-in-the-Customs-Act-1969.docx