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The Federal Board of Revenue (FBR) has imposed 25 percent regulatory duty on import of wheat, wheat flour, maida and semolina. In this regard, the FBR has issued S.R.O.254 (I)/2015 here on Tuesday.
Following is the text of the S.R.O.254 (I)/2015 issued here on Tuesday.- In exercise of the powers conferred by sub-section (3) of section 18 of the Customs Act,1969 (IV of 1969), and in supersession of its Notification No S.R.O. 1015(I)/2014, dated the 7th November, 2014, the Federal Government is pleased to levy regulatory duty on import of goods specified in column (3) of the Table below, falling under the PCT code of the First Schedule to the said Act specified in column (2) of the said Table, at the rates specified in column (4) of that Table, namely:



===========================================
S. No PCT Code Description Rate of
Regulatory
Duty (%)
===========================================
(1) (2) (3) (4)
===========================================
1 1001.1900 Wheat 25
1001.9900
2 1101.0010 Wheat flour 25
3 1102.9000 Maida 25
4 1102.9000 Semolina 25
===========================================

Copyright Business Recorder, 2015

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