Customs Import Duty and Taxes on Corn Seeds in Pakistan

Here in this post, we have explained Customs Import Duty & Taxes on Corn Seeds in Pakistan, We show you complete details about Corn Seeds Import Duties in Pakistan.

HS Code of Corn Seeds 1005.1000

Corn Seeds Import Duties in Pakistan

  • Corn Seeds Customs Duty 3%
  • Corn Seeds Additional Customs Duty 2%
  • Corn Seeds Sales Tax 18%
  • Corn Seeds Additional Sales Tax 3%
  • Corn Seeds Advance Income Tax 3.5%

PTAs / FTAs

  • 10% concession on CD leviable for SAARC member countries [Sr. No. 156, Table II, SRO 558(I)/2004]
  • 5% CD on import from SAARC Member States [Sr. No. 398, Table I, SRO 1274(I)/2006]
  • 0% CD on imports from Malaysia [Sr. No. 441, Table I, SRO 1261(I)/2007]
  • 100% exemption of CD on import from Sri Lanka [clause ‘d’ of preamble, SRO 280(I)/2014 dated 8th April, 2014]
  • 0.00% CD on import from China [Sr. No. 625, in Table, SRO 1640(I)/2019]

EXEMPTIONS OF SALES TAX

  • Import of Rice, wheat, wheat and meslin flour are exempt from Sales Tax [Sr. No. 19, Table-1, Sixth Schedule, Sales Tax Act, 1990]
  • Zero rated ST on Seeds for sowing [Sr. No. 171, Sixth Schedule, ST Act, 1990]

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