The customs duty on pet resins of film and bottle grades has been increased from 8 percent to 8.5 percent under Pakistan Customs Tariff (PCT) 2014-15 whereas the said rate shall be applicable subject to the decision of the court. Sources told Business Recorder here on Wednesday that FBR has informed the Collectors of Customs about the changes in customs duty under PCT 2014-15.
According to the FBR, the customs duty on pet resins of film and bottle grades has been increased from 8 percent to 8.5 percent but the said rate shall be applicable subject to the decision of the court. However, the existing concessionary rate of 8 percent shall continue to apply on pet resins of film and bottle grades till further instructions.
Zero percent duty slab has been substituted with 1 percent. However, items considered socially sensitive are maintained at 0 percent through inclusion thereof in Part-IV of the Fifth Schedule to the Customs Act. The maximum general slab of 30 percent has been reduced to 25 percent except for the auto sector. Number of general tariff slabs has thus been reduced from 7 to 6.
The FBR said that the regulatory duty has been levied on luxury goods like cosmetics, chocolates, food preparations, prepared foodstuffs, beverages, mechanical & electrical appliances etc through a new notification, ie, SRO 568(I)/2014. However, regulatory duty already levied vide SRO 482(I)/2008, dated 1.7.2008 shall remain in force. Customs duty on networking equipments classified under PCTs 85.17, 86.25 and 86.27 have been increased from 5 percent to 10 percent in the Tariff. The customs duty on flat-rolled products of alloy steel (PCTs 72.25 and 72.26) has been increased in the Tariff from 0 to 5 percent and from 5 percent to 10 percent, respectively to bring them at par with the flat-rolled products of non-alloy steel. However, import of aforesaid goods by fan industry has been kept at 0 percent through inclusion in SRO.
The FBR said that the customs duty @ 5 percent instead of 0 percent has been levied on the import of generators above 1100 kVA falling under PCT 8502.1390. The uniform rate of 15 percent customs duty on all types of dyes except basic dyes (3204.1300) and indigo blue dyes (3204.1510) has been levied. The customs duty on CDs containing software has been increased from 5 percent to 10 percent and customs duty on other CDs and DVDs has been reduced from 20 percent to 10 percent under respective headings.
The customs duty on UPS (PCT 8504.4010) has been reduced from 20 percent to 15 percent. However, duty rate on other converters (PCT code 8504.4090) has been increased from 10 percent to 15 percent in the Tariff. Under the PCT 2014-15, customs duty on flavouring powders (PCT 2106.9030) has been increased from 10 percent to 20 percent in the Tariff. The uniform rate of 10 percent customs duty on liquid paraffin (PCT 2710.1995) and white oil (PCT 2710.1996) has been levied in the Tariff. The customs duty on dryers under PCT code 8421.1900 has been increased from 5 percent to 10 percent in the Tariff.
The uniform rate of 15 percent customs duty on Maize (corn) starch (PCT 1108.1200) and on potato starch (PCT 1108.1300) has been levied in the Tariff. The customs duty on colouring matters under PCT 3206.4990 has been enhanced from 5 percent to 10 percent in the Tariff. The customs duty on satellite mobile phones whether or not functional on cellular networks (PCT 8517.1230) has been reduced from 25 percent to 10 percent in the tariff.
The customs duty on petroleum coke not-calcined (PCT 2713.1100) has been reduced from 5 percent to 1 percent in the Tariff to reduce input cost of the manufacturing concerns. Exemption of duty & taxes on Hybrid Electric Vehicles (HEVs) has been rationalised and the extent of exemption on HEVs up to 1800 cc is now 50 percent whereas it is 25 percent on HEVs above 1800 cc. This is done through amending SRO 567(I)/2014, FBR said. The FBR said that the fixed amounts of duty and taxes as given in SRO 577(I)/2005 on used vehicles have been revised upward through amending SRO SRO.562(I)/2014.
The new PCT "3810.9010" classifying Preparations of a kind used as cores or coatings for welding electrodes or rods has been created with customs duty @ 5 percent. The new PCT "8309.9010 "classifying Aluminium lids for cans of carbonated soft drinks has been created with duty @ 10 percent in the tariff. The FBR said that the name of H.E. Shaikh Falah Bin Jassim Bin Jabr Al-Thani has been included in the list of 'Dignitaries of Qatar' under PCT heading 9905.
The names of Faisal Edhi, Vice Managing Trustee and Qubra Edhi, Trustee, Edhi Foundation have been included under PCT heading 9912. Proviso to SRO 594(I)/2009 has been omitted through amending SRO 566(I)/2014. Therefore, regulatory duty shall also be levied on export of ferrous and non-ferrous waste scrap of lead, lead bars, rods, lead plates etc produced from the material imported under the facility of DTRE and Manufacturing Bond scheme, the FBR said.
Following legal changes have been made in the Customs Act, 1969:
a) In section 2, clauses (k) and (m) have been merged to provide a single definition of "customs-station".
In section 7, words "Central Excise" substituted with the word "Federal Excise".
b) In section 18, new sub-section 1A is inserted to add Fifth Schedule to the Customs Act, 1969 for specified conditional rates of customs duty on certain goods and classes of goods.
c) In section 18A the words "Central Excise and Salt Act, 1944" have been substituted with the words "Federal Excise Act, 2005".
d) To ensure rational applicability of valuation data in cases of imported goods, clause (d) of sub-section (5) of section 25 has been omitted. Resultantly, reference to clause (d) in sub-section (6) also stands omitted.
e) Word "taxes" has been inserted in sub-sections (2), (3) and (3A) of section 32 to recover non-levied and short levied taxes.
f) Words "taxes and other charges levied thereon" have been inserted in sub-section (3) of section 80 to include taxes and other charges on reassessment of goods.
g) For the uniformity of two provisos in sub-section (1) of section 81, the word "duty" and "tax" have been substituted with the words "taxes and other charges".
h) Under the Control of Narcotics Substances Act, 1997 cases involving narcotics and narcotic substances are to be tried in Special Courts created under the said Act. Necessary amendment for this arrangement has been made in section 185B.
i) In sub-section (3) of section 194 the words "Customs and Excise Group" have been substituted by "Customs Service of Pakistan" in line with section 202B. Further, the word "five" is proposed to be substituted with the word "three" to bring experience of senior Collectors for appointment as Technical Member of the Appellate Tribunal which is identical to the provision of section 130 of Income Tax Ordinance, 2001. Following is the reference table indicating amending customs SROs for FY 2014-15:
[SRO AMENDMENTS] S. No S.R.O. No & Date Amended / Rescinded by S.R.O. No & Date 1 577(I)/2005 Amended by SRO.562(I)/2014 2 567(I)/2006 Rescinded by SRO.563(I)/2014 3 575(I)/2006 Rescinded by SRO 564(I)/2014 4 565(I)/2006 Amended by SRO.565(I)/2014 5 594(I)/2009 Amended by SRO. 566(I)/2014 6 499(I)/2013 Amended by SRO.567(I)/2014 7 New R.D. SRO.568(I)/2014.
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