ISLAMABAD (July 21 2005): The Central Board of Revenue (CBR) has restored the exemption of customs duty on import of computer parts, withdrawn in 2005-06 budget.
According to a notification issued on Wednesday the zero-percent customs duty would be applicable on the import of processor, motherboard, hard drive, CD rom drive, floppy disk drive, key board, mouse, flash drive, RAM, VGA card and built in modem.
The CBR has amended SRO 567(I)/2005 to notify the exemption of computer parts at serial number 61 (PCT heading 8471.000) of the new notification.
Fifteen percent customs duty will be applicable on the import of blankets (acrylic) PCT heading 6301.4000.
The CBR has also notified the list of pharmaceutical packing and raw material, if approved by the Ministry of Health for in-house use in the manufacture of specific pharmaceutical substances. According to Table-II of the notification, 5-10 percent customs duty would be applicable on different types of pharmaceutical grades depending on the PCT heading.
As per notification, the exemption of customs duty on the import of waste and scrap of iron steel; waste and scrap of alloy steel; other waste and scrap, turnings, shavings, chips, milling waste saw dust, filings, trimmings and stampings, whether or not in bundles; other re-rollable and re-meltable scrap and vessels and other floating structures for breaking up would be applicable from June 15, 2005.
The exemption of customs duty on the import of wheat flour and raw cane sugar/raw beat sugar would be applicable from July 8, 2005 onwards.