Federal government has recommended a 2% increase in customs duty on various imported goods, including LED light circuits, according to official budget documents.
The customs duty rate has been raised from 3% to 5% on several categories of imports. Key proposals include:
-
Increase in duty on cereals and wheat-based products
-
Natural gas duty proposed to rise from 0% to 5%
-
Mineral oil duty also suggested to increase from 3% to 5%
-
Duties raised on coal, water gas, and other energy-related imports
-
Energy-saving lamps and tubes, including base caps for bulbs and tube lights, now face higher duties
-
Passenger lifts, locks, and latches to be taxed at 5% instead of the previous 3%
-
A 2% duty increase proposed on PCM coated metal sheets and re-rolled steel/metal sheets
-
Hike in duty on used imported clothes, shoes, and bags
-
Customs duty on single and multi-folded imported yarns increased by 2%
-
Trade advertising materials and commercial catalogs now face a 5% duty
-
Unbleached chemicals, food, pharmaceutical and cosmetic chemicals, and colorants used in polish are also included in the list
-
Raw materials used in buses and trucks now carry higher duties
-
A 2% increase in duty on electrical energy and wood-preserving oils
