Pakistan Expands The Scope Of Tariffs

- Apr 03, 2018 -

Pakistan expands the scope of tariffs

The Pakistani federal revenue service (FBR) updated its regulatory duties on "non-essential" imports, adding additional 331 products were added to the original 307 products with a regulatory tariff of 5-30%, which is expected to reduce imports by about $100 million to $200 million. Included in the list of "non-essential" imports are mobile devices, cars, stove oil, ceiling fans, tire rubber, betel nuts, air conditioners, refrigerators and ceramics.

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   Besides, Pakistani customs will launch information exchange with China customs in April 2018.With the help of information exchange system, the customs can effectively identify the authenticity of the FTA certificate.

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This means that Pakistani customs will master the actual value of Chinese products and the declared value of the importer, which is conducive to its efforts to reduce the export and tax evasion and tax evasion.

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