The increased customs duty
is expected to help limit the import of palm oil from Malaysia thereby benefiting local producers.
Because of these issues, the customs duty
sent by them does not match with the Customs statistics.
Iraqy is buying a 55-inch Sony 4K TV for Dh2,800 from Dubai, on which he will have to pay 36.05 per cent (Dh1,009.40) customs duty
Ghiyas Paracha said that revised customs duty
will increase price of per litre fuel by Rs3.5, sales tax will result in hike of Rs2 while the impact of FED will be 20 paisa.
The government has exempted the whole of customs duty
leviable under the First Schedule to the Customs Act, 1969, on import of cotton, not carded or combed and cotton carded or combed, says a notification issued by the FBR.
Society of Indian Automobile Manufacturers (SIAM) has also suggested the government to not change customs duty
on completely built units (CBU) of cars and two-wheelers.
The fees included imposing an additional customs duty
of 20% on the product (men's suit), imposing an additional customs duty
of 30% on the producers (white underwear and clear liquid for pots and dishes) and 50% on the product (chicken, chicken pieces and all chicken products) ), 26% for the product (box stations), 100% for the products (cream, Newcastle vaccine, PPR vaccine), 27% for the THERMESTONE and LANSOPRAZOL 15MG TABLET producers, and 200% for the product of the primary and secondary school textbooks, and imposing an additional customs tariff of 85% on the potato chips product./ End
Karachi -- MCC Port Qasim Karachi has collected Rs.155 billion as customs duty
against last year's collection of Rs.130 billion thus registering growth of 19.2% year- on- year basis.
The share of MCC Port Qasim was 25 percent in total collection of customs duty
of Rs605 billion by the customs wing of the Federal Board of Revenue in FY2018.
In a bid to boost its Make In India initiative, the Indian government may be looking to impose an additional 5-10% customs duty
on imported mobile phones, reports The Economic Times.
Having an industrial production licence entitles mainland LLCs to import raw materials and machinery into the UAE (for the purposes of being used by the importer to manufacture products) without paying customs duty
at the point of entry into the UAE (typically 5% ad valorem although this may vary depending on the type of goods) In the UAE, no customs duty
is levied upon the exportation of goods outside of the UAE.
The meeting has considered the second reading of draft amendments and additions to law on customs tariffs in Kyrgyzstan, aimed at canceling 35% of customs duty
on imported natural gas.
The cellular companies has demanded the government to withdraw increased rate of customs duty
on imported machinery and abolish collection of registration on activation of phone sets introduced in the Finance Bill 2014-15.
UNION Finance Minister Arun Jaitley has given the domestic manufacturing sector a boost addressing the inverted duty structure on inputs used make electronic goods, soaps and steel and increased the customs duty
on import of finished goods.