His explanations referred to the higher customs duty
rates for goods imported from Turkey and other non-EU countries.
However, since the customs duty
on crude oil has been reduced to zero, the case for including a notional customs duty
in the price of petroleum products does not hold any longer.
Currently, the items for the people with special needs are charged 5 per cent customs duty
under the unified customs law of the Gulf countries.
A basic customs duty
of 2 per cent has also been imposed on cut and polished gemstones.
Goel said the growth in customs duty
could also be a result of devaluation of the rupee and should not be seen as increase in imports only, though there could be some marginal increase.
He also expressed disappointment on the government not consulting the industry before hiking the customs duty
Tallow: Customs duty
on tallow is proposed to be increased from 20 per cent to 25 per cent.
A copy of FBR's order issued on January 10, 2017 available with Pakistan Today disclosed that FRB has allowed deferment of payment of customs duty
on import of Floating Storage and Re-gasification Unit (FSRU) by M/s PGP Consortium Limited under Section 21 A of the Customs Act, 1969 on certain terms and conditions.
For new and used cars with an engine capacity of less than 1,500 cubic centimeters, the import customs duty
remained unchanged at $0.
New Delhi [India], Dec 15 ( ANI ): The Central Board of Excise and Customs (CBEC) on Friday announced an increase in the customs duty
on import of microwave ovens and certain sections of mobile phones.
Moreover, customs duty
on Smartphone sets will be cut to Rs 650 per set.
73 mln customs duty
from July-15 to January 2016, an increase of 128.
2) Presently, certain specified ships/vessels are exempt from basic customs duty
and Central Excise duty (CVD).
The current average customs duty
in Kyrgyzstan is 5.
GOLD imports surged by 23 per cent to an 18- month high of 100 tonnes in January as traders stepped up purchases to beat the hike in customs duty
neutralising in part the government's desperate attempt to curtail imports of the yellow metal.