Pakistan Custom Tariff 2022 PDF

Pakistan Custom Tariff 2022 PDF Details
PDF Name	Pakistan Custom Tariff 2022 PDF
No. of Pages	2
PDF Size	0.10 MB
Language	English
Category	English
Source	fta.mofcom.gov.cn
Download Link	Available ✔
Downloads	17

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Pakistan Custom Tariff 2022

Hello guys, here in this post we are going to provide you Pakistan Custom Tariff 2022 PDF. Pakistan’s customs duties account for the largest single share of national revenue. Most dutiable items are subject to ad valorem duty of 0% to 30%. In many cases, the 15% sales tax on imported goods (food, raw materials, and capital goods) is exempt from this tax. Alcohol is applied at a rate of up to 65%, but it can be as high as 225%. In the late 1990s, these rates were significantly reduced from the average high of 30% in the early 1990s.

Customs duties are levied on major items of export, but these rates are subject to revision as measures are taken to promote or discourage the export of raw materials. Copper and brass utensils are used in the export of certain foods, and some hides and hides are disqualified. Trade with Israel, South Africa, and Taiwan is restricted.

Pakistan Custom Tariff 2022 PDF – Highlights

Previous year Customs Tariff 

1. Pakistan Customs Tariff Chapter 1-97(updated up to 30-06-2021)
2. Pakistan Customs Tariff Chapter 98-99 (updated up to 30-06-2021)
3. First Schedule to the Customs Act, 1969 (Changes via Finance Act 2021)
4. Fifth Schedule to the Customs Act, 1969 (Changes via Finance Act 2021)

WHAT IS CUSTOMS DUTY

Customs duty refers to the tax levied on goods when they are transported across international borders. In simple words, it is the tax which is levied on the import and export of goods. The government uses this duty to increase its revenue, protect domestic industries and control the movement of goods.

The rate of customs duty depends on where the goods were made and what they were made of.

Customs duty in India is defined under the Customs Act, 1962 and all matters relating to it fall under the Central Board of Excise and Customs (CBEC).

The budget estimate for the customs revenue of the government for the year 2020-21 was Rs 1,38,000 crore. The revised estimate of customs duty for the 2019-20 budget was Rs 1,25,000 crore, while the actual for the 2018-19 budget was Rs 1,17,812.85 crore

• Basic Customs Duty (BCD)
• Countervailing Duty (CVD)
• Additional Customs Duty or Special CVD
• Protective Duty,
• Anti-dumping Duty

In Budget 2019, the government announced a slew of changes in customs duty to meet a range of objectives, including promoting clean energy, curbing non-essential imports, boosting domestic manufacturing and increasing revenue. To encourage domestic production, customs duty was cut on many inputs and increased on finished products to generate additional revenue.

The government had said that it was expecting a 19 per cent increase in customs duty collection for 2019-20 to Rs 1.5 trillion.

Here you can free download Pakistan Custom Tariff 2022 PDF by clicking the link given below.

Pakistan Custom Tariff 2022 PDF Download Link

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