FBR imposes 12.5pc duty on import of tubes, pipes, other items

ISLAMABAD: The Federal Board of Revenue (FBR) has slapped regulatory duty (RD) of 12.5 percent on certain items including tubes, pipes and other items.
The Federal Board of Revenue has imposed 12.5 percent regulatory duty on the import of tubes, pipes and hollow profiles, of cast iron, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel and flat-rolled products of iron or non- alloy steel with (width of 600 mm or more).
The FBR has amended SRO568(I)/2014 dated 26th June dated 26th June, 2014 through an S.R.O. 246 (I)/2015 on Friday.The SRO states that 15 percent RD has been imposed on the import of other tubes and pipes (for example, welded, riveted or similarly closed), having circular cross- sections, the external diameter of which exceeds 406.4 mm, of iron or steel.
The RD at the rate of 12.5 percent has been imposed on the import of other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel. RD of 12.5 percent has been levied on the import of flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated.
The regulatory duty shall not be levied on the import of HRC by manufacturers of CRC under Sr.No.41 of notification No. SRO.565(I)/2006 dated 5th June, 2006 and imports of galvanized steel tubes (PCT 7306.9000) and metals shells (PCT heading 7304.9000) under Sr.No.8 and 51 of notification No. SRO.565(I)/2006 dated 5th June, 2006.