- FBR imposes additional customs duty for fiscal year 2025-26
- Effective from July 1, 2025, replacing previous SRO
- Aimed at strengthening domestic industries and regulating imports
- Introduces tiered structure of additional customs duties
- Part of broader fiscal reforms under Finance Act 2025
- 2 percent duty on goods under 15 percent tariff slab and specific imports
- 4 percent duty on goods under 20 percent tariff slab
- 6 percent duty on goods under 30 percent and higher tariff slabs
- Exceptions include select edible oils, fats, and certain vehicle units
- Exemptions for plant and machinery for manufacturing, certain imports
- FBR directs customs stations to implement new structure rigorously
- Aims to boost local manufacturing and reduce non-essential imports
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
