The Central Board of Revenue (CBR) has raised customs duty on import of 67 goods, including poultry meat, welded stainless steel pipes and certain other components used in assembly and manufacture of vehicles in any kit form.
Sources told Business Recorder on Tuesday that the Board has enhanced duty rates of 67 Pakistan Customs Tariff (PCT) headings in budget 2007-08 to safeguard the local industry.
Duty rates on vehicles have been increased around the effective rate of capital value tax (CVT) which has been merged in customs duty. For up to 800cc cars there was no CVT; therefore, the rate of duty against these vehicles has not been enhanced.
Duty has been enhanced from 50 percent to 55 percent under (PCT 8703.2191) components for the assembly/manufacture of vehicles, in any kit form excluding those of heading 8703.2193; (PCT 8703.2192), components for the assembly/manufacture of 4x4 vehicles, in any kit form; (PCT 8703.2193), 4x4 vehicles (CBU) and duty has been increased from 50 percent to 55 percent on the import of (PCT 8703.2199), other.
Duty has been raised from 50 to 60 percent on the import of (PCT 8703.2210) components for the assembly/manufacture of vehicles, in any kit form; (PCT 8703.2220), vehicles of a cylinder capacity exceeding 1000cc but not exceeding 1300cc and duty has been raised on (PCT 8703.2290), other.
The CBR has increased duty from 65 to 75 percent on the import of (PCT 8703.2311), components for the assembly/manufacture of vehicles in any kit form and (PCT 8703.2319), other.
Duty has been increased from 75 to 90 percent on the import of (PCT 8703.2321), components for the assembly/manufacture of vehicles in any kit form; (PCT 8703.2329), other; (PCT 8703.2410), components for the assembly/manufacture of vehicles, in any kit form and duty has been increased from 75 to 90 percent on the import of (PCT 8703.2490), other.
Duty has been increased from 50 to 55 percent on the import of (PCT 8703.3121), components for the assembly/manufacture of vehicles, in any kit form and (PCT 8703.3129), other. Customs duty has been raised from 50 to 60 percent on the import of (PCT 8703.313), components for the assembly/manufacture of vehicles, in any kit form and (PCT 8703.3139), other.
The Board has increased duty from 65 percent to 75 percent on the import of (PCT 8703.3211), components for the assembly/manufacture of vehicles, in any kit form and (PCT 8703.3219), other.
The customs duty has been increased from 75 to 90 percent on the import of (PCT 8703.3221), components for the assembly/ manufacture of vehicles, in any kit form excluding those of headings 8703.3223, 8703.3225 and 8703.3227; (PCT 8703.3222), components for the assembly /manufacture of sports utility vehicles, in any kit form; (PCT 8703.3223), sports utility vehicles (SUVs 4x4); (PCT 8703.3224), components for assembly/manufacture of all terrain vehicles (4x4), in any kit form; (PCT 8703.3225), all terrain vehicles (4x4); (PCT 8703.3229), other; (PCT 8703.3310), components for the industrial assembly/ manufacture of vehicles, in any kit form; (PCT 8703.3390), other and duty has been increased from 75 to 90 percent on the import of PCT heading 8703.9000, other.
The CBR has raised customs duty from 10 to 15 percent and 20 to 25 percent on the import of sausages and similar products, of meat, meal offal or blood; food preparations based on these products.
Duty has been raised from 10 to 15 percent on the import of welded stainless steel falling under different PCT headings. Duty has been raised from 20 to 25 percent on the import of fatty livers, fresh or chilled falling under PCT heading 0207.3400 and some other PCT headings of 0207. Duty has been raised from 5 to 10 percent on the import of a raw material (PCT heading 7217.3010) used in manufacture of pneumatic tyres (bead wire).
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