The Federal Board of Revenue (FBR) has rationalised regulatory duty on imports of over 43 items including abolition of RD on the import of input materials used for manufacturing of auto parts by local vendors. The FBR has amended SRO 1255(I)/2018 through an SRO 190(1)/2019 issued here on Tuesday under which RD has been abolished or reduced on different items of Pakistan Customs Tariff (PCT) headings. RD has also been abolished on the import of certain items under SRO 190(1)/2019.
According to the notification, the RD would not be applicable on the import of sub-components, components and sub-assemblies of automotive vehicles, automotive climate control equipment and automotive batteries meant for in-house use or supply to OEMs and assemblers or sale in the open market.
The federal government has also abolished RD on the import of raw materials, sub-components, components and sub-assemblies, as are not manufactured locally, imported for the manufacture of components and assemblies by importer-cum-manufacturer having suitable in-house facilities.
The RD has been reduced on the import of ground nuts (not roasted) 40 percent to 30 percent; chocolate and other food preparations containing cocoa (except PCT codes PCT code 1806.2020) from 30 percent to 15 percent; malt extracts, food preparations of flour, groats, meal, starch or malt extract from 20 percent to 15 percent; master batches from 15 percent to 10 percent; preperpations put up for retail sale from 25 percent to 15 percent; RD of 5 percent would be applicable on products suitable for use as glues or adhesives, put up for retail sale as glues or adhesives, not exceeding a net weight of 1kg; floor coverings of plastics 30 to 20 percent; other woven fabrics of cotton of polyester 5 percent to 2.5percent; parts of footwear 15 percent to 10 percent; other glass from 15 percent to 5 percent; padlocks, locks of a kind used in furniture, other locks and other locks suitable for furniture from 10 percent to 5 percent; enamelled and coated for antirust purposes (if imported by registered units of air conditioner manufacturers) from 10 percent to 5 percent; covers for inner body (except imported by registered units of air conditioner manufacturers) from 10 percent to 5 percent; furniture parts from 35 percent to 15 percent and RD has been reduced on the import of vacuum flacks from 40 percent to 30 percent.
The FBR has abolished RD on the import of cocoa powder; chocolate preparations; PVC resin; pigment thickener; acrylic thickener and a few other items.
The regulatory duty shall not be levied on imports of input materials used for manufacturing of auto parts by local vendors under Notification SRO 655(1)/2006, dated the 5th June, 2006. The RD would not be applicable on the import of sub-components, components and sub-assemblies of automotive vehicles, automotive climate control equipment and automotive batteries meant for in-house use or supply to OEMs and assemblers or sale in the open market.
Following is the text of the SRO 190 (1)/2019 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), the federal government is pleased to direct that the following amendments shall be made in its Notification No SRO 1265(1)/2018,dated the 16th October, 2018, namely: -
In the aforesaid notification,
(a) in the Table, in column (1), -
(i) against S. No. 81, in column (4), for the figure "40", the figure "30" shall be substituted;
(ii) against S. No. 92, for the entries relating thereto in columns (2), (3) and (4) the
following shall'' be substituted, namely: -
"18.06 Chocolate and other food preparations containing cocoa (except PCT codes PCT code 1806.2020), 15;
(iii) against S. No.95, in column (4), for the figure "20", the figure "15" shall be substituted;
(iv) against S. No. 134, in column (4), for the figure "15", the figure "10" shall be substituted;
(v) against S. No. 149 and 150 in column (4), for the figure "25", the figure "15" shall respectively be substituted;
(vi) for S. No. 153, and entries relating thereto in columns (2), (3) and (4), the following serial numbers and entries relating thereto shall be substituted, namely: -
"153 3506.1000 Products suitable for use as glues or adhesives, put up for retail sale
as glues or adhesives, not exceeding a net weight of 1 kg. 5.
153A 3506.9990 Other 5"
(vii) against S. No. 161, in column (4), for the figure "30", the figure "20" shall be
substituted;
(viii) against S. No. 166,167 and 168, for the figure "20" , the figure "15" shall respectively be substituted;
(ix) against S. No. 169 and 170, in column (4), for the figure "35" , the figure "25" shall respectively be substituted;
(x) against S. No. 193,194,195 and 197, in column (4), for the figure "5", the figure "2.5" shall be substituted;
(xi) against S. No. 241, in column (4), for the figure "15", the figure "10" shall be substituted;
(xii) against S. No. 270, in column (4), for the figure "15", the figure "5" shall be substituted;
(xiii) against S. No. 339, 340, 341 and 342, in column (4), for the figure "10", the figure "5" shall respectively be substituted;
(xiv) against S. No. 369,375,377 and 380, in column (4), for the figure "10", the figure "5" shall respectively be substituted;
(xv) against S. NO. 542, in column (4), for the figure "35", the figure "15" shall be substituted;
(xvi) against S. No. 566, in column (4), for the figure "40", the figure "30" shall be substituted;
(xvii) S. NO. 93, 94, 144, 145, 146, 147, 148, 157, 158, 159, 328, 409 and 434 and the entries relating thereto in column (2),(3) and (4), shall be omitted; and
(b). In paragraph 2, -
(i) in clause (c), after the expression "Part VII", the expression "and Part VIII" shall be inserted; and
(ii) after clause (n), the following new clause shall be added, namely: -
"(0) imports of input materials used for manufacturing of auto parts by local vendors under Notification S.R.O.655(1)/2006, dated the 5th June, 2006."
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