The Federal Board of Revenue (FBR) has exempted Federal excise duty (FED) on advertisements in newspapers with immediate effect. According to an SRO.802(I)/2009 issued here on Thursday, the board has exempted the FED on advertisement in newspapers and direct that the excise duty, collected from July 1, 2009 till the date of issuance of this notification, shall be deposited with the government treasury under the relevant provisions of the Federal Excise Act, 2005.