July 1, 2024, TheNews.com - The Federal Board of Revenue (FBR) of Pakistan has issued a notification to impose additional customs duty (ADC) on 2,200 imports and increase or levy regulatory duty (RD) on 657 luxury goods imports from July 1, 2024 onwards. The main points are as follows:

(1) The Federal Board of Revenue proposed to impose a 2% ADC on zero-rated goods.The ADC will be applied to imports at rates of 2%, 4%, 6%, and 7%, respectively, in accordance with the rates specified in SRO 929(I)/2024;

(2) RD has been levied on imports of hundreds of goods in the range of 5% to 55%;

(3) RDs involving food and cosmetics include: perfumes (20%), dairy products (20-25%), natural honey (30%), imported dates and other fruits (25%), cosmetics (55%), shaving creams and soaps (50%), oral or dental hygiene preparations (50%), cheeses and curdled milks (25%), and potatoes/other vegetables and vegetable mixtures (50-55%), Sweets (including white chocolate) (40%), etc.