Enhancement of rate of Federal Excise Duty on Cigarettes.
SRO 407(I)/2017 is a Federal Excise SRO dated 29 May 2017, listed by FBR as "Enhancement of rate of Federal Excise Duty on Cigarettes.".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
FEDERAL BOARD OF REVENUE
(REVENUE DIVISION)
Islamabad, the 29th May, 2017.
NOTIFICATION
(FEDERAL EXCISE)
S.R.O. 407(I)/2017. - In exercise of the powers conferred by sub-section (3) of section 3, read with sub-section (5) of section 12 and section 40 of the Federal Excise Act, 2005, the Federal Board of Revenue is pleased to direct that the excise duty shall be levied and collected on fixed basis at the rates specified in column (4) of the Table on the goods specified in column (2) of the said Table falling under the Pakistan Customs Tariff heading specified in column (3) thereof, namely:
| S. No. | Description | PCT Heading | Rate of Duty |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Locally produced cigarettes if their on-pack printed retail price exceeds four thousand five hundred rupees per thousand cigarettes. | 24.02 | Rupees three thousand seven hundred and forty per thousand cigarettes. |
| 2. | Locally produced cigarettes if their on-pack printed retail price exceeds two thousand nine hundred and twenty-five rupees per thousand cigarettes but does not exceed four thousand five hundred rupees per thousand cigarettes. | 24.02 | Rupees one thousand six hundred and seventy per thousand cigarettes. |
| 3. | Locally produced cigarettes if their on-pack printed retail price does not exceed two thousand nine hundred and twenty-five rupees per thousand cigarettes. | 24.02 | Rupees eight hundred per thousand cigarettes |
- For the purpose of payment of Federal Excise Duty, the minimum retail price (excluding sales tax) of cigarettes, shall not be less than Forty Five per cent of the retail price specified under column (2) of serial number (1) of the Table above.
[C. No. 3/16-STB/2016]
(Zulfiqar Hussain Khan))
Chief (ST&FE-Policy)
Which later SROs refer to this one?
SROs whose FBR title names SRO 407(I)/2017, usually to amend or rescind it.
- SRO 593(I)/20171 July 2017Rescind SRO 407(I)/2017
Related Federal Excise SROs on excise duty rates
- SRO 1150(I)/201818 September 2018Levy of Excise Duty on locally produced Cigarettes
- SRO 627(I)/201824 May 2018FED rates on Cigarettes under rescission of S.R.O 561(I)/2018 dated 30.04.2018
- SRO 561(I)/201830 April 2018Increase in rate of Federal Excise Duty on Cigarettes
- SRO 473(I)/20163 June 2016Rate of excise duty on cigarettes.
- SRO 1181(I)/201530 November 2015Enhance the rate of excise duty on cigarettes.
- SRO 490(I)/201530 June 2015Rescission of certain FED SROs which have been transposed to the Third Schedule of Federal Excise Act, 2005