Govt extends 100% regulatory duties on imported commodities

 The federal government has extended the duration of 100% regulatory duties on several imported commodities.

The Federal Board of Revenue (FBR) issued a notification to extend the duration of regulatory duties on hundreds of imported commodities by March 31 – 2023. Prior to the notification, the period of regulatory duties was expiring on February 21 – 2023.

The announcement states that the tariffs on automobiles will be maintained by up to 100%. In addition, the regulatory tax on minivans was raised from 15% to 100%, while the regulatory tax on sports vehicles was increased from 70% to 100%.

The duty on 4x4 vehicles was raised from 15% to 100%, on jeeps from 70% to 100%, on fruits, cherries, and walnuts from 45% to 49%, on apples from 20% to 50%, on pasta and jams from 20% to 50%, on cigars from 20% to 50%, up to 10% on packaged meat and produce, up to 74% on dry fruits, fish, and coconut, up to 49% on packaged fruits, 49% on juices, and 49% on chocolates, as well as up to 4.