Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into whether by a private individual or a commercial entity.
The valuation method is CIF.
Below table provide the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Pakistan :
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 100% (Some electronic goods are duty free) | 20.67% | ST=17% VAT = ST * (CIF + Duty+ other taxes) |
No threshold for imports |
- Excise duty is applicable on some goods such as alcohol and tobacco products. ad valorem will be applied and calculated on the (CIF + Duty) or charged per unit of measure.
- Import regulatory duty is applied at rate between 5% and 50% 9Some specific products) calculated on the CIF value.
As part of budgetary measures for the year 2007-08, Special FED at 1% has been levied on goods which are manufactured or are imported in . This duty is in addition to FED as prescribed in First Schedule of the Federal Excise Act, 2005. For list of goods excluded from purview of this special duty and other details see SRO 655(I)/2007.
More information on excise duties would be available in :Excise duties