FBR Raises Regulatory Duties on Imported Vehicles and Luxury Items

The FBR has decided to extend the deadline for imposing regulatory duties (RDs) and additional customs duties (ACDs) on the import of more than 600 luxury and non-essential items. Primarily vehicles, chocolates, electronics, and cosmetics are included until March 31, 2023. The officials of FBR will release a notification about an extension of time for additional customs duties and regulatory duties on imported items. Earlier, on August 22, 2022, FBR issued SRO157(I)/2022 and SRO1572(I)/2022 to increase regulatory duties and additional customs duty on the import of luxury and non-essential items.

Regulatory duties under SRO1571(I)/2022 remained applicable till February 21, 2023. Meanwhile RDs on items falling under the serial number 554 of the SRO.1571(I)/2022 remained applicable till November 1, 2022. In August 2022, the RDs on cars larger than 1000cc were raised to 100 percent against old rates of 15%. Duties imposed on CBU cars observed a hike of 85 percent. Resultantly, car prices marked a new high in the local market supported by the new price hike series.

FBR has decided to extend the deadline for imposing regulatory duties and additional customs duties.

FBR has imposed a 35 percent additional customs duty on the following vehicles with codes:

2323Sports utility vehicle -SUVs 4×4
2329Sedans and hatchbacks
2490Diesel powered vehicles
3223CKD or SKD kits for SUVs
3225All-terrain vehicle (4×4)
3229Commercials vehicles
3390Other vehicles with internal combustion engine or electronic motors
9000Vehicle included SRO.1517(I)/2022

RDs got an increase in imported chocolates from 10 percent to 49 percent, jams, fruit jellies, marmalades, fruit or nut puree, and fruit or nut pastes. However, RD also increased from 30 to 49 percent on the imports of water, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter.

FBR has imposed a 20 percent RD on the imports of seeds and jewelry boxes from 10 to 49 percent. 49 percent of RD had been imposed on baths, shower-baths, sinks, and washbasins. 24 percent of RD on toilet papers, toilet or facial tissue stocks, and 49 percent of RD imposed on tableware and kitchenware, and other household items.

The RD was increased from 15 percent to 49 percent of the import of spoons, forks, ladles, skimmers, knives, butcher’s knives, sugar tongs, and similar kitchen or tableware. The increase of RD from RS300 to RS1000 is set on the import of line telephone sets with cordless handsets others having a C&F value up to US$ 30 percent.

Syeda Qandeel Zehra
Syeda Qandeel Zehrahttps://hamariweb.com/
Syeda Qandeel Zehra is a senior content writer with writing expertise in different niches. She is an MBA graduate by qualification and loves to write about diverse topics. Zehra has 3 years of writing experience and currently employed at hamariweb.com as a content writer.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular