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TAXATION

Withdrawal of customs duty on import of cotton yarn S.R.O533(I)/2021

Federal Board of Revenue (FBR) vide S.R.O. No. 533(I)/2021 dated: 5th May, 2021. In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to exempt the whole of customs duties leviable on import of goods specified in column (2) of the Table below falling under PCT headings specified in column (3) of the said Table, namely :-

S. No.DescriptionPCT Code
(1)(2)(3)
1Cotton Yarn (other than sewing thread), containing 85% or more by
weight of cotton, not put up for retail sale
52.05
2Cotton Yarn (other than sewing thread), containing less than 85% by
weight of cotton, not put up for retail sale
52.06
3Cotton Yarn (other than sewing thread) put up for retail sale52.07
Withdrawal of customs duty on import of cotton yarn S.R.O533(I)/2021

This notification shall remain in force till 30th June, 2021.

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