Airlines to charge Rs50,000 duty on air tickets from July 1: FBR
Raise in federal excise duty will not imply to economy class tickets
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Federal Board of Revenue (FBR) Sunday said that Federal Excise Duty (FED) has been increased from Rs10,000 to Rs50,000 and only be charged from the July 1st, reported 24NewsHD TV channel.
Furthermore, sub-rule (8) of rule 41A stipulates that FED is chargeable at the time of issuance of air tickets.
Thus, the enhanced rate of FED on air tickets under the new finance bill 2022 will be chargeable only on international tickets(Club, Business & First class) issued on and after the a1st of July, this year.