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Tag Archives: regulatory duty

SHC calls comments on petition filed by M/s Al-Karam Private Limited challenging regulatory duty

KARACHI: A two-member bench of the Sindh High Court (SHC) directed customs officials to make sure filing their respective para wise comments on a constitutional petition filed by M/s Al-Karam Private Limited against a show-cause notice issued by collector of customs adjudication-II for regulatory duty of the consignments of acrylic pigments and acrylic thickener imported by the petitioner amounting to ... Read More »

NTC mulling removing duty on imported bus, light truck tyres

LAHORE: The National Tariff Commission (NTC) has started an investigation on the proposal of an importer of tyres for removal of Regulatory Duty (RD) on the import of light truck/bus radial and Bias tyres. The details issued by the NTC revealed that M/s Zafar Enterprises (the “Applicant”), an importer of Light Truck/Bus Radial and Bias Tyres has approached the National ... Read More »

Govt mulling over to hike duty on over 1,000 imported items

ISLAMABAD: The federal government is planning to levy additional regulatory duty on more than a thousand imported items to generate $1.12 billion, which will assist in reining in the trade deficit Sources said that the new proposal is being finalized by the State Bank of Pakistan, Finance Division, Ministry of Commerce and Textile and the Federal Board of Revenue (FBR). As ... Read More »

ECC allows 0.5m tonnes sugar export, imposes 20pc duty on import

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has allowed export of 500,000 tonnes of sugar and imposed 20 per cent regulatory duty on its import to facilitate sugar industrialists, who are facing financial crisis. The committee meeting, presided over by Finance Minister Ishaq Dar, allowed export of surplus sugar recommended by the Ministry of Industries and Production with ... Read More »

Finance Ministry imposes 20 % duty on wheat products

ISLAMABAD: Ministry of Finance has imposed 20 percent regulatory duty to promote local crops. “The duty applies to wheat imports from all countries for the current crop season,” said Saeed Javed, a spokesman for Pakistan’s Finance Ministry. “Pakistan was out of the global export market this year and a series of very large import purchases put local wheat prices under ... Read More »