ISLAMABAD: The Federal Government has increased the regulatory duty on imported items. During the Mini Budget presented by Finance Minister, regulatory duty has been increased on several items.
Most affected by the tax hike are food and electronics categories.
New Regulatory Duty on Imported Items
|Milk and Cream||25%|
|Fruits & Vegetables||10%|
|Coconuts & Dry Fruits||25%|
|Cherry & Peach||45%|
|Chocolate & Pastry||20%|
|Biscuit & Cake||20%|
|Perfumes / Makeup / Shaving Item||50%|
|LCD & LED||40%|
It must be noted that the taxes are applied on imports and the food items produced with-in the country will not be affected.
The federal government has also proposed to charged Rs. 400/kg for Paan Leaves.
Finance Minister said that the increased tax doesn’t affect poor or median household. He said that only rich could afford buying imported food items.
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