Business News

Govt revises rate of regulatory duty on imported goods

Latest Update: July 1, 2015 | 177 Views

ISLAMABAD: The regulatory duty of different imported products/goods has been revised by the government.

According to the details, 15 percent regulatory duty has been imposed on the import of products under PCT heading 69.07 and 69.08 like tiles, cubes and similar articles. Import of waste and scrap of compressor under PCT heading 7204.4940 would also be subject to a regulatory duty of 5.0 percent.

Moreover, regulatory duty on products comes under PCT heading 72.16 and 72.17 like importing angles, shapes and sections of iron or non-alloy steel as well as wire of iron or non-alloy steel would be subject to 15 percent.

However, regulatory duty up to 17.5 percent has been imposed on the import of flat rolled products of other alloy steel of a width of 600mm or more as well as of a width of less than 600mm under PCT heading 72.25 and 72.26.

Similarly, import of bars and rods, not rolled, in irregularly wound coils of other alloy steel under PCT heading 72.27 will be subject to 5.0 percent regulatory duty.

Regulatory duty on import of wire of other alloy steel has been raised to 20 percent, while on the import of other tubes and pipes having circular cross-sections are also increased to 17.5 percent.

Govt has also imposed 10 percent on the import of standard wire, ropes, cables, plaited bands, slings.

On the other hand, stainless steel under PCT heading 72.21, 72.22 and 72.23 have been exempted from regulatory duty, while regulatory duty on silico-manganese steel has been withdrawn.


Top of the Hour