Two hundred vehicles being defaulters on payment of custom duty
and token tax and without having registration documents have been impounded by Excise and Taxation Department during the operation.
Another important reason to reduce the customs duty was to reduce the illegal import of handsets in the country, which in the end causes loss to national exchequer by evading custom duty
According to official statics, last year the government imposed custom duty
and regulatory duty of Rs 750 per piece that curtailed the import of mobile handsets.
The Committee deliberated at length six agenda items which include the implementation status of the decisions taken in the last ECC meeting, presentation of the FDI (Foreign Direct Investment) inflow and outflow, and steps to enhance FDI, Exemption of taxes on Renewable Energy Technologies, One Time Exemption from custom duty
granted under SRO (812)/1/99, Update on sugar situation in the country, and Allocation of gas to Thermal Power Station Quetta.
KARACHI, January 18, 2011 (Frontier Star): The participants at a meeting held at TDAP here Tuesday have agreed to immediately utilize the diplomatic and political channels to protect the countrys export interest being threatened by Turkish anticipated custom duty
on woven fabrics.
Addressing the meeting, Qazi Dost Muhammad said the traders associated with the business of used auto parts are facing problems due to high ratio of custom duty
and harsh checking procedure on imported auto parts.
Lahore, October 14, 2009 (Frontier Star): Iran has raised custom duty
from $400 Per ton to $1300 Dollar per ton putting the Pakistan's Kinnow export to Iran at risk, claimed traders and exporter on Wednesday Iran charges 45% custom duty
on base value of product which last year was 400 $ US Dollar Per ton.
KARACHI, January 18, 2011 (Balochistan Times): The participants at a meeting held at TDAP here Tuesday have agreed to immediately utilize the diplomatic and political channels to protect the countrys export interest being threatened by Turkish anticipated custom duty
on woven fabrics.
Under the PSFTA, Pakistan was required to reduce custom duty
by 100 per cent in three phases.