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FBR issues notification of 10% RD on sugar import

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified imposition of 10 percent regulatory duty on import of cane and beet sugar to discourage its import into the country. With the imposition of regulatory duty the total import duty impact has increased from 15 percent normal duty to 25 percent total duty on such sugar. FBR notification S.R.O.1172(I)/2007 issued in this regard stated “In exercise of the powers conferred by sub-section (3) of section 18 of the Customs Act,1969 (IV of 1969), the Federal Government is pleased to direct that the regulatory duty shall be levied on import of goods specified in column (3) of the table below, falling under the H.S. code of the First Schedule to the Customs Act,1969 (IV of 1969), as specified in column (2) thereof, at the rates specified in column (4) of that table, raw cane sugar falling under PCT heading No. 1701.1100 would be subject to 10 percent regulatory duty. Similarly Raw beet sugar failing under PCT heading No. 1701.1200, white crystalline cane sugar falling under PCT heading No. 1701.9910 and white crystalline beet sugar failing under PCT heading No. 1701.9920 would also be subject to 10 percent regulatory duty at import stage”. It is worth mentioning here that the Secretaries Committee, headed by Caretaker Finance Minister, in consultation with PSMA had recommended some measures to overcome difficulties being faced by the sugar industry. ECC in its last meeting under the chairmanship of the Caretaker Prime Minister Muhammadmian Soomro keeping in view the recommendations of Secretaries Committee decided to impose the regulatory duty on the import of sugar beside 15% already applicable customs duty to discourage sugar imports in the country. ECC had also decided to encourage exports of sugar by withdrawing 15 percent export regulatory duty on sugar. staff report

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