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| Budgets & SROs | [1-10 of 11 stories]
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Steel pipe manufacturers approach FBR: Customs notices for recoveryKARACHI (August 26, 2010): Some 30 steel pipe manufacturers have approached the Federal Board of Revenue (FBR) against customs' show-cause notices for recovery of millions of rupees customs duty and other levies on import of cold rolled coils (CRC) and hot rolled coils (HRC) of prime quality and availing concessionary rate of 5 percent duty under SRO 565 (1)/2006.
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Cigarette makers to compile filter rods production and sales dataISLAMABAD (August 25, 2010): The Federal Board of Revenue (FBR) has made it mandatory for the cigarette manufacturers to compile comprehensive production and sales data of filter rods to eliminate federal excise duty evasion. The FBR has amended SRO 217(I)/2010 through SRO 811(I)/2010 issued here on Tuesday.
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Customs duty on goods' import: FBR revises primary method of valuationISLAMABAD (August 20, 2010): The Federal Board of Revenue (FBR) has revised the primary method of valuation of customs duty on the import of goods to determine the authentic price of the items under the valuation process. The board has amended the Customs Rules, 2001 through an SRO(I)/2010 issued here on Thursday.
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Public/private bonded warehouses: procedure of warehousing period streamlinedISLAMABABD (July 03, 2010): The Federal Board of Revenue (FBR) has made mandatory for the ghee/cooking oil manufacturers, availing warehousing facility, that palm oil or olein stored in warehouses should be consumed in the manufacture of goods meant for export within six months from the date of filing of Goods Declaration (GD) or procurement of locally purchased goods.
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Duty exemption given on import of ceramic from ChinaISLAMABAD (February 24, 2010): The Federal Board of Revenue has announced concessionary rate of customs duty on the import of bathtubs ceramic and other kinds of toilet ceramic from China. According to an SRO.104(I)/2010 issued on Tuesday, the board has exempted import of specified goods into Pakistan from China from customs duties in excess of the specified rates.
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