The National Board of Revenue has backtracked from its decision of imposing customs duty on packet and packaging materials of imported goods because of opposition from traders and complexities in execution of the decision at customs houses.
NBR on Monday postponed its instructions issued in October, 2017 to customs houses for determining payable customs duty on imported goods by adding prices of packets and packaging materials if the prices of those materials are not included in import prices of products like cosmetics, perfume, shampoo, toys, chocolate and biscuit.
The instructions created ambiguity among the field-level customs officials and while many importers stopped releasing their goods particularly from Chittagong port as the
duty on the goods increased significantly after the customs house assessed the duty in line with the new orders.
Customs offices including Customs Intelligence and Investigation Directorate also recommended that the NBR postpone the orders immediately saying that the order might put adverse impact on prices of goods on local market and hamper the objective of the customs authority of ensuring business-friendly environment in the country.
In this context, customs wing of the NBR took the decision to suspend the orders.
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