BR100 Decreased By (-0.26%)
BR30 Decreased By (-0.53%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has imposed 20 percent customs duty on the import of “Emulsifier, Combined Emulsifier & Stabilizer” used for foods and dairy products by a multinational company.

According to a ruling of the committee issued on Wednesday, the company has declared 3 percent customs duty for clearance of the imported goods. However, the goods actually fall under the Pakistan Customs Tariff heading which is subjected to 20 percent customs duty.

The classification committee disclosed that the Collectorate of Customs Appraisement, Port Muhammad Bin Qasim, Karachi, forwarded a reference for appropriate classification of ‘Recodan RS-100 & Recodan RS Veg’.

Brief facts as reported by the referring Collectorate are that the said company imported 144 consignments of Emulsifier, Combined Emulsifier & Stabilizer- used for foods and dairy products, declared under Pakistan Customs Tariff (PCT) heading 3824.9999.

The Directorate of Intelligence & Investigation-Customs, Karachi framed contraventions in respect of consignments that the impugned goods were correctly classifiable under PCT heading 2106.9090 instead of declared PCT heading 3824.9999.

The Adjudication Collectorate decided in favours of department, holding the goods to be classifiable under PCT heading 2106.9090.

The importer preferred an Appeal No.K-478/2023 before Customs Appellate Tribunal against Order-in-Original. The Customs Appellate Tribunal vide its order dated 04.04.2023 directed the Collector of Customs, Appraisement, Port Qasim to refer the matter to classification committee for determination of classification of the impugned goods.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.