FED on ghee, steel units in tribal areas to be cut to 7pc.

PositionFederal excise duty

The Prime Minister Office has issued directive to the Federal Board of Revenue (FBR) to reduce federal excise duty (FED) on the ghee manufacturing and steel units established in newly merged districts of erstwhile Federally Administered Tribal Areas (Fata), from 17percent to 7percent under the proposed rules and policy.

The directive was given after Standing Committee on Commerce and Textile Industry Chairman Mirza Muhammad Afridi wrote a letter in that regard.

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