Previously, the customs duty
rate for this type of gasoline was 15 percent.
The Law further excludes as follows: The value addition tax under Twelfth Schedule shall not be charged on raw materials and intermediary goods meant for use in an industrial process which are subject to customs duty
at a rate less than 16% ad valorem under First Schedule to the Customs Act, 1969.
Summary: New Delhi [India], Aug 26 (ANI): The central government on Monday increased the rate of customs duty
on imports of subject goods from Malaysia by five per cent in a bid to safeguard the interests of the domestic industry.
In order to put an end to the trouble faced by the overseas Pakistanis, a proposal has been floated for payment of the difference of Rs100,000 to Rs200,000 in customs duty
in Pakistani rupees instead of dollars.
Dubai: Indian expats in the UAE continue to take flat-screen TVs to India during their summer holiday as they are much cheaper here, even after paying a customs duty
Muscat: Indians living in Oman and other overseas countries who bring gold from overseas will now need to pay more towards customs duty
when they land at Indian airports, after the Indian government hiked customs duties on gold purchases from 10 to 12.5 percent.
collection in FY 2018-19 stood at Rs684.4bn as against Rs606bn in 2017-18, registering growth of 12.9pc.
ISLAMABAD -- The customs duty
exemption that was previously available on bringing one imported phone to Pakistan has been removed, as per the new laws.
The book traders are taking this action to protest the imposition of customs duty
on textbooks published in and imported from India and third countries.
ISLAMABAD -- The All Pakistan CNG Association (APCNGA) on Wednesday sought reversal of proposal of the government to increase customs duty
on the import of LNG terming it against the interests of consumers.
The reason for preferential law is an SRO due to which the large scale steel industry can take the benefit, and the three big guns of industries can take Rs19000 waiver on per ton of steel while the small industries have to pay 11 pc custom duty, 2 pc additional customs duty
, and RD tax 12.5 pc, in this way the small industrialist paying 27 pc on each ton a steel.