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The Federal Board of Revenue has proposed to abolish customs duty on the import of bitumen and different petroleum products. According to new Pakistan Customs Tariff (PCT) 2008-2009.
It has been proposed to abolish customs duty on the import of light diesel oil (2710.1921); kerosene (2710.1911); petroleum bitumen (2713.2000); Bituminous or oil shale and tar; sands (2714.1000); other bitumen (2714.9000); bitumen (mixture based on natural asphalt) (2715.0000); JP4 and JP8; base oil for lubricating oil (2710.1993) and one percent surcharge has been withdrawn on furnace oil.

Copyright Business Recorder, 2008

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