Heavy tax on import of mobile phones imposed

By: News Desk
Published: 07:10 PM, 10 Jun, 2022
Heavy tax on import of mobile phones imposed
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Federal Minister for Finance Miftah Ismail on Friday moved Finance Bill 2022-23 after completing his budget speech in the National Assembly and proposed to impose a heavy levy on the import of mobile phones.

According to the 24News HD TV channel, it is proposed in the Finance Bill to impose a levy of Rs100 to Rs16,000 on the import of mobile phones.

In the bill, it is proposed to levy Rs100 on the worth US$30 mobile phones while a levy of Rs200 is proposed on mobile phones worth US$30 to 100.

It is proposed to levy Rs600 on imported mobile phones worth US$200 and Rs1,800 on mobile phones worth US$350.

It is proposed to levy Rs4,000 on the mobile phones worth US$500 and Rs8,000 is proposed on mobile phones worth US$700 and Rs16,000 levy on imported mobile phones worth more than US$701.

Reporter: Waqas Azeem

Categories : Business