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ISLAMABAD: The Federal Board of Revenue (FBR) has eliminated regulatory duty on the import of the textile sector.
The FBR has issued another SRO.1043(I)/2020 to amend the regulatory duty SRO.680(I)/2019. AS per the new amendment, the bureau will not charge Additional Customs Duty (ADC) and Regulatory Duty on the import of different items of the textile sector.
The regulatory duty will not be applicable to the import of woven fabrics of artificial filament yarn; woven fabrics of artificial staple fiber and few other items. The items not subject to the Additional Customs Duty included. Yarn will not put up for retail sale.
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Other items not subjected to the ADC included sewing thread of man-made filaments, whether or not put up for retail sale of synthetic filaments or artificial filaments and synthetic filament yarn will not be put up for retail sale.
