On 30 November 2015, the Economic Coordination Committee approved several measures to increase the revenue of the government. These measures include -
- An additional 1% duty has been imposed on all imported products except certain exempted items such as all non-dutiable imports, import of agricultural machinery, essential raw materials and agriculture inputs, components for local industry in 25 sectors such as leather, pesticides, sugar, fans, electric motors etc., on import of fertilizers, seeds and spores of sowing, telecom sector, imports under Small and Medium Enterprises and Export Oriented Unit rules, under the temporary importation scheme, import of old and used vehicles above 1800cc etc.
- The Regulatory Duty on 289 imported products has been increased from 10% to 15% and from 15% to 20% on certain tiles under HS 6907 and 6908. Additionally, regulatory duty has been imposed on import of 61 items at the rate of 5/10%.
- The tariff cap on import of used vehicles from Asian markets has been increased by 10% for vehicles that are above 1000 cc.
The affected tariff lines, sectors and trading partners included in this measure are the ones that are affected by the increase in regulatory duty and the import tariff on cars.