FBR has imposed a 2% ADC (Additional Duty Customs) on 2,200 items that were subject to zero percent duty, and this will be applicable from July 1, 2024.
FBR also has increased the Regulatory Duty (RD) from 5% to 55% on almost 657 Luxury Items and this imposition of duty will also be applicable from July 1, 2024.
A new regulatory duty (RD) ranging from 5% to 55% has been imposed on the import of hundreds of items. Starting from July 1, 2024, a 7% additional customs duty (ADC) will apply to the import of cars, jeeps, and light commercial vehicles in completely knocked down (CKD) condition exceeding 1,000 cc, as well as heavy commercial vehicles in CKD condition.
The Federal Board of Revenue (FBR) has issued SRO.928(I)/2024, replacing a previous notification, to levy this duty on specified goods. The import of perfumes, sprays, watches, sunglasses, bicycles, dairy products, natural honey, dates, fruits, cosmetics, shaving cream, soap, clothing, jewelry, and various other items will now be subject to RDs ranging from 10% to 55%.
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Additionally, SRO 929(I)/2024 imposes a 2% ADC on the import of sub-components, components, and sub-assemblies of automotive vehicles, climate control equipment, and batteries for use in manufacturing or supply to OEMs and assemblers.
Certain imports are exempt from these duties, including seeds for sowing, motor spirit, high-speed diesel oil, liquefied natural gas, specific polymers, cotton, solar panels, and machinery used in manufacturing. The exemptions also cover specific imports under various chapters and schedules of the Customs Act, as well as imports for temporary schemes and certain vehicle imports up to specified engine capacities.