Summary Luxury items imported from China are duty-free for now
ISLAMABAD (Dunya News) – Customs authorities have presented recommendations for 2016-17 budget calling for 25 percent increase in duty on luxury products, Dunya News reported Friday.
The authorities have forwarded recommendations to the Federal Board of Revenue (FBR) pertaining to customs duty tax on multimedia, digital cameras, video cameras and others.
The authorities have suggested the board to increase duty from 10 percent to 35 percent on the aforementioned products.
Recommendations also state that 35 percent duty on imported items from China should be imposed despite free trade pact.
It should be mentioned here that luxury items imported from China are duty-free for now.
