FBR wants RD rates raised on import of mobile phones

ISLAMABAD: The FBR has proposed jacking up Regulatory Duty (RD) rates on import of mobile phones set in the budget for collecting Rs16 billion.

In order to encourage local manufacturing and import substitution, the FBR proposed that RD rates on import of mobile phones would be jacked up in the next fiscal year.

According to the finance bill for 2021-22 tabled in the National Assembly shows that on the basis of C&F value upto $30, the existing RD on per set would be jacked up from Rs165 to Rs300 in the budget for 2021-22. For the mobile set price range of $31 to $100, the RD has been jacked up from Rs1,620 per set to Rs3000 per set in the budget.

For price value of set from $101 to $200, the RD rate increased from Rs2,430 per set to Rs7,500 per set in the budget. For valuing of imported phone set from $201 to $350, the RD rate on per mobile jacked up from Rs3,240 to Rs11000.

For valuing of imported mobile set ranging from $351 to $500, the RD rate has been increased from Rs9,450 to Rs15,000.

For imported mobile set having value of above $501, the RD rate increased from Rs16,650 per set to Rs22,000 per set in the budget.