Thursday, October 22, 2020

Pakistan Budget FY 2019-20: Salient features of Customs Duty

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

RELIEF MEASURES

1. To standardize printing and preservation of Holy Quran, import of good quality
duty free Art paper is being allowed.
2. Exemption of CD on 18 medicinal inputs/items
3. Exemption of CD on Modular/ Particle Free Operation Theatre
4. Exemption of CD on Medicines for certain rare diseases
5. Incentive to promote tourism by reducing duty on pre-fabricated structures for
hotels

INCENTIVIZING LOCAL INDUSTRY

1. Exemption of CD on more than 1650 raw materials/industrial inputs
2. Reduction of CD on Writing & Printing Papers
3. Exemption of CD on Raw- materials of Paper Industry
4. Exemption of CD on import of Wood
5. Reduction of CD on Glass Board for LED Panel manufacturing
6. Reduction of CD on input goods for paper based Liquid Food Packaging Industry
7. Reduction of CD on Acetic Acid
8. Reduction of CD on Nonwoven fabrics
9. Exemption of CD on Machinery Parts / Accessories for Textile Sector
10. Exemption of CD on Elastomeric Yarn
11. Rationalization of CD on Aluminium Beverage Cans & Inputs thereof
12. Exemption of CD on raw material for hemodialyzers used by kidney patients
13. Tariff rationalization on Home Appliance Sector
14. Reduction of CD on Base Oil as input for Coning Oil, White Oil and other Textile
Oils
15. Reduction of CD on Raw Material for Manufacturing of Pre-Sensitized Printing
Plates
16. Exemption of CD on Preparations for Metal Surfaces as input for Solar Panels
17. Exemption of CD on Foundation Cloth
18. Reduction of Duty on Wooden Sheets for Veneering
19. Reduction of CD on Oxalic Acid
20. Reduction of CD on Raw Material of Powder Coating Industry
21. Reduction of CD on Raw Material for Paper Sizing Agents
22. Reduction of CD on Bobbins & Spools of Paperboard
23. Exemption of CD for Hydrocracker Industry for oil refining
24. Rationalization of tariff structure for SIM card manufacturing industry

REGULATORY DUTY

1. Reduction of RD on Mobile Phones
2. Reduction of RD on smuggling prone items and other industrial inputs
3. Reduction of RD on Tyres

REVENUE MEASURES:

1. Increase in rate of Additional Customs Duty for non-essential items
2. Withdrawal of exemption on import of LNG

Read also: Pakistan: Govt to slap more taxes in FY 2019-20 budget

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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