The proposals have been sought from the chambers of commerce and Industry as well as from field offices of FBR regarding tariff rationalization, changes in duty structure, customs policy changes and protection of local industries.
The FBR has also advised that the proposals should be made keeping in view the consequences for the other related trade groups which might be adversely affected by the proposed measures. Earlier during the beginning of January, the FBR initiated process for formulation of proposals for the budget of upcoming financial year 2017-18.
Copyright Business Recorder, 2017