The Federal Board of Revenue (FBR) has increased federal excise duty on cigarettes from May 29, 2017. In this regard, the FBR has issued an SRO here on Wednesday. Following is the text of the notification issued here on Tuesday.
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.
=============================================================================== S. No Description PCT Heading Rate of Duty =============================================================================== (1) (2) (3) (4) =============================================================================== 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. ===============================================================================