October - 2009

 

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Import duty on textile machinery relief granted

The Federal Board of Revenue (FBR) has granted exemption of customs duty on import of a wide range of textile machinery and equipment including machines for extruding, drawing, texturing or cutting man-made textile materials and textile winding (including weft-winding) or reeling machines.

Under the SRO 809(I)/2009 of September 19, 2009, Federal Board of Revenue (FBR) has abolished duty on various headings of Pakistan Customs Tariff (PCT).

According to FBR estimates, the government would suffer revenue loss of approximately Rs 2 billion following exemption of customs duty on the import of textile machinery and equipments falling under the PCT headings specified in the notification.

 
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