Vide SRO 563(I)2014 dated 26.06.2014 SRO 567(I)/2006 relating to conditional exemption of various items has been withdrawn. As already intimated, some of these exemptions have been made part of the schedules of the Customs Act, 1969 and some exemptions have altogether been withdrawn. Each item is therefore be required to be examined separately.
Vide SRO566(I)/2014 dated 26th June, 2014, proviso in the preamble of SRO594(I)/2009 dated 25th June, 2009 has been omitted. The effect of this omission is that regulatory duty on ferrous and non ferrous waste of lead, unwrought lead, lead bars, lead plates etc will be imposed on export of goods under DTRE and Manufacturing Bonds…
Vide SRO567(I)2014 dated 26.06.2014, table of SRO 499(I)2013 relating to concessionary rate of duty on hybrid vehicles has been replaced. The new table is as under: Engine Capacity. Extent of exemption in leviable duty & taxes. (1) (2) (3) Upto 1800 CC 50% Exceeding 1800 CC 25%.
Vide SRO 568(I)/2014 dated 26.06.2014, regulatory duty at the rate of 5% on 282 items has been imposed. It may be recalled that most of these items were chargeable to customs duty at the rate of 30%. However since maximum tariff rate was reduced to 25%, these 282 items have been selected for total incidence…
Federal Government issued SRO 326(I)/2014 dated 25.04.2014 amending SRO 567(I)/2006 dated 05.06.2006. By virtue of the amendment, facility of concessionary import of cotton yarn has been abolished.
Federal Government has imposed 25% regulatory duty on export of potatoes falling under PCT heading 0701.9000 vide SRO ____(I)/2014 dated 02.05.2014 w.e.f. 05.05.2014.
Federal Government has made an amendment in SRO 808(I)/2009 dated 19.09.2009 vide SRO ____(I)/2014 dated 02.05.2014, . Through this amendment, Federal Government has waived–off 25% regulatory duty on import of 200,000 metric tons for the period from 05.05.2014 to 31.07.2014.
Federal Board of Revenue vide SRO 202(I)/2014 dated 18.03.2014 has made amendments in Chapter XV(Warehousing) of the Customs Rules, 2001. By virtue of this amendment condition of furnishing insurance policy to obtain license for warehousing has been abolished. Previously applicant was required to provide comprehensive Insurance Policy covering risks of fire, burglary, riots, strikes etc.
Federal Government has introduced certain changes with regard to concessionary rate of duty on import of kits by motorcycle manufacturers. For this purpose, the following two notifications have been issued:- 1) SRO 939(I)/2013 dated 21.10.2013 Through this SRO, amendments have been made in SRO 693(I)/2006 dated 01.07.2006. After this amendment, additional customs duty leviable under…
Federal Government vide SRO 742(I)/2013 dated 28.08.2013 has imposed regulatory duty on sports utility vehicles @ 50% ad valorem. Similarly, all terrain vehicles (CBU) above 2000cc i.e jeeps etc (except electric hybrids) have also been subjected to 50% regulatory duty.
