Import duty on textile machinery relief
grantedThe 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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