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In the wake of Federal Budget 2017, the Government of Pakistan has increased the import duty on several electronic items. Earlier, the regulatory duty on the imported electronic items was 15%. However, in the upcoming financial year 2017-18, it has been surged to 20%.

Also Read: Import of mobile phones in Pakistan is increased by 4.23%

Duty on which electronic items has been Increased?

There are number of electronic items such as air conditioners, ceiling fans, coffer/tea makers, cordless telephone sets, electric irons, electric toasters, exhaust fans, hair dryers, microwave oven, conventional oven, pedestal fans and vegetable juice extractors. The import duty on the aforementioned electronic items has been increased from 15% to 20% for the financial year 2017-18.

Moreover, there are quite a few other products which have also suffered an upsurge. It includes receiving signals from satellite dishes, as it has been increased to 20% from 15%. In addition, the import duty on wooden furniture and weapons has been augmented from 10% to a sizable 20%.

Quick Read: Which imported items are going to get expensive after SBP imposes 100% cash margin?

Additionally, the import duty has also been increased on cosmetic items which include face creams, hair creams, lipsticks, make-up, nail polish, perfumes, shampoos, shaving cream, skin cream, talcum powder and toothpastes. The duty has been increased from 15% to 20% for the financial year 2017-18.

The regulatory duty on ceramics also climbed from 15% to 20%. Furthermore, the import duty on ceramic tableware, dishes, dinner sets and tea cups has also swelled to 20%. The duty on footwear, leather and sportswear jackets has also observed a 10% increase from the previous financial year.

In addition to the above import duty increase in the budget for the upcoming year, Federal Board of Revenue (FBR) has suggested ab increase in sales tax on import of low priced mobile phones and also at the time of IMEI registration.
By means of Finance Bill 2017, the proposal floated aims at unifying the sales tax rate for both low price and medium price cellular phones at import or local supply stage and at the time of IMEI registration.
The suggested rates have been increased to Rs650 from Rs300 at import stage and further at the time of IMEI registration.