SRO 407(1)/2017.-ln exercise of the powers conferred by sub-section (3) of section 3, read with sub-section (5) of section 12 and section 40 of the Federal Excise Act, 2005, the FBR is pleased to direct that the excise duty shall be levied and collected on fixed basis at the rates specified in column (4) of the Table on the goods specified in column (2) of the said Table falling under the Pakistan Customs Tariff heading specified in column (3) thereof, namely: For the purpose of payment of Federal Excise Duty, the minimum retail price (excluding sales tax) of cigarettes shall not be less than 45 percent of the retail price specified under column (2) of serial number (1) of the Table above.
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S. No Description PCT Heading Rate of Duty
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(1) (2) (3) (4)
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1 Locally produced cigarettes if their 24.02 Rupees three thousand
on-pack printed retail price exceeds seven hundred and forty
four thousand five hundred rupees per thousand cigarettes.
per thousand cigarettes.
2 Locally produced cigarettes if their 24.02 Rupees one thousand
on-pack printed retail price exceeds six hundred and seventy
two thousand nine hundred and per thousand cigarettes.
twenty-five rupees per thousand
cigarettes but does not exceed four
thousand five hundred rupees per
thousand cigarettes.
3 Locally produced cigarettes if their 24.02 Rupees eight hundred
on-pack printed retail price does not per thousand cigarettes.
exceed two thousand nine hundred
and twenty-five rupees per thousand
cigarettes.
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Copyright Business Recorder, 2017