IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Jan 2013 | Removal date: 06 Sep 2013
Still in force

Tax-based export incentive

On 10 January 2013, the Economic Coordination Committee of Pakistan approved a reduction of the Federal Excise Duty for sugar mills in proportion to their export volume. Under the new scheme, sugar sold domestically will be charged a reduced excise duty of 0.5% up to the quantity equivalent to a quantity exported by the mill. All exceeding quantities will be taxed at the regular 8 percent. This reduced excise duty is announced as an incentive for the export quotas totaling 1.2 million tonnes announced in 2012.
 

A sugar export quota was next announced in September 2013, on which the reduced excise duty will not be applicable.

AFFECTED COUNTRIES

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