Customs Duty taxation proposals for FY2016 17

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ISLAMABAD, Jun 3 (APP): Following are the taxation
measures taken in the Federal Budget 2016 17 for Customs Duty:
Tariff slabs reduced from existing 5 to 4 by merging 2% slab
and 5% slab in new 3% slab.
10% and 15% slabs substitute with 11% and 16% slabs respectively.
Concessions of CD for Dairy, Livestock & Poultry Sectors
from 5% to 2%.
Concessions of CD for Fish Farming, fish feed pellet
(floating type) machines from 5% to 2%, fish / shrimp feed 10% & 20% to 0%.
Exemption from CD on import of Premixes to prevent growth
stunting (from 5 20 to 0%).
Expansion in scope of exemption on Renewable Energy
Technologies.
Expansion in scope of exemption for Charitable non profit
making Institutions Operating Hospitals.
Relief on Cool Chain Machinery.
Extension in relief on import of Solar Panels till June,
2017.
Exemption from CD and taxes on disposal of old & used
ambulances imported by Edhi Foundation.
Implementation of automotive development policy (ADP) 2016
2021 with follwoing .
1) Exemption from CD on Water Quality Testing Kits from
20% to 0%
2) Concessions of CD on local manufacturing of LED Lights
from 20% to 5%
3) Exemption from CD on Linear Akyl Benzene from 2% to 0%
4) Reduction in CD on raw material of PVC Resin from 5% to 3%
5) Reduction in CD on White Spirits from 10% t0 3%
6) Reduction in CD on Stamping Foil from 20% 16%
7) Reduction of CD on Fatty Alcohol Ethoxylate from 15% 5% 8) Reduction in CD rate for
Aluminum Sheet in Coil from 20% to 11 %.
9) Reduction in CD on Thermostats of Deep freezers fro 20% 3% 10) Rationalization of
CD on Betel nuts and Betel Leaves from 10% (Rs.300/kg) to 20% (Rs.600/kg)
11) Rationalization of CD on Almonds fro 10% to 20%
12) Rationalization of CD Frozen fish from 10% 20%
13) Increase of CD on Medium Density Fiber board from 15% to
20%
14) Increase of CD on Cement Clinker from 2% to 11%
15) Increase in CD on Semi Printed/Printed Security Paper from
5% to 16%
16) Increase in CD on Live Chicken stock and Eggs of chicken
from 5% to 11%
17) Increase in CD on Birds eggs(not in shell) fron 5% 16%
18) Removal of RD from Bead Wire for tyres Manufacturers from
RD 10% to 0%
19) Removal of RD from Carbon Steel Strips used by Razor blade
manufacturers from RD 17.5% 0%
20) Levy of RD on Powdered Milk from 20% to 20+25RD%
21) Levy of RD on Whey Powder from 20% to 20+25RD%