Criticising the budget which carried no relaxation in customs duty and sales tax for locally manufactured motor cycles, Suzuki officials said that import duty
of spare parts under CKD remains 25% while import duty
on motor cycles has been slashed.
The book highlights the means of importing goods and arriving at the Customs value on which import duty
and import VAT are computed.
Some of the submissions before the authorities even demand a cut in the 10 per cent import duty
The government is seeking at raising the import duty
on gold and on non-essential, or luxury, commodities to reduce the present account deficit (CAD).
26 ( ANI ): Orange producers of West Bengal have found a lucrative market in Bangladesh, despite that country's government imposing a 26 percent import duty
per kilogram on Indian fruits and vegetables
The import duty
on gold has been fixed at two percent of its value from an earlier flat rate of 300 rupees ($5.
KARACHI, November 18, 2011 (Frontier Star): The newly-elected vice chairman of All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA), South Zone, Nasir Maqbool has urged the government to reduce import duty
on motorcycle spare parts from existing 35 percent to 20 percent to curb its smuggling.
Increase in exports of more competitive products will offset the potential losses in state revenue from the import duty
cut and exemption, he said.
With a direct order from the Supreme Leader, the Majlis last week voted to raise the import duty
on foreign cars back to 90 percent.
The APTMA spokesman said the textile industry was already demanding the government of removing import duty
This move will allow the company to be exempted from import duty
on imported cars and bring down the price of the vehicle by around 20 to 25 percent if the company passes on the entire benefit to the consumer.
RUSSIA has secured the future right to export its vodka and other drinks products to key European Union (EU) export markets at import duty
rates charged on cargoes from World Trade Organisation (WTO) member countries.