- Pakistan has introduced new rates of additional customs duty on imported goods for fiscal year 2024-25
- The Federal Board of Revenue issued SRO 929(I)/2024 to boost revenue and manage economic challenges
- Additional customs duty rates vary based on tariff slabs, ranging from 2% to 7%
- Exemptions include seeds, essential commodities, machinery for manufacturing, and special import categories
- Relief provided for certain vehicles and components, such as electric vehicles and light commercial vehicles
- The new rates will be effective from July 1, 2024, until June 30, 2025, to enhance revenue collection and stabilize the economy.
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.
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