ISLAMABAD: Ahead of federal government’s move to introduce mini budget in the parliament today, the Federal Board of Revenue (FBR) has increased federal excise duty on sales of cigarettes.
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Usually, the sales tax and excise measures are applicable from the next day of the assent given by the president. The tariff rationalization can be done through notifications, they added.
As per an SRO issued late last night, the FBR has notified new rates of federal excise duty (FED) on sales of cigarettes.
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According to the notification, under the first slab of cigarettes, locally produced cigarettes if their on-pack printed retail price exceeds Rs 9000 per 1000 cigarettes, the rate of the federal excise duty would be Rs 16,500 per thousand cigarettes.
Under the second slab, the locally produced cigarettes if their on-pack printed retail price does not exceed Rs 9,000 per thousand cigarettes, the rate of the FED would be Rs 5,050 per thousand cigarettes, the notification added.
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