Govt slaps levy upto Rs16,000 on import of Cellphone

ISLAMABAD, June 29: The National Assembly on Wednesday slapped a levy on the import of cellphones through Finance Bill 2022-23.
The house passed the finance bill 2022-23 presented by Minister of State for Finance Ayisha Ghous Pasha in its session. All budget proposals from the opposition members were rejected with a majority vote.
According to the Finance Bill, there shall be a mobile handset levy at the rates specified on smartphones of different price categories. As per the bill, there will be a levy of Rs100 per set on a cellphone with cost and freight (C&F) value of up to $30.
The rate of levy per set on mobile phones having a C&F value between $30 and $100 will be Rs 200. The rate of levy per set on mobile phones having a C&F value between $101 and $200 will be Rs600.
Similarly, the rate of levy on the import of per set having a C&F value between $201 and $350 will be Rs1,800. The rate of levy per set on mobile phones having a C&F value between $351 and $500 will be Rs4,000.
The rate of levy per set on mobile phones having a C&F value between $501 and $700 will be Rs8,000. The government will charge levy of Rs 16,000 per set on mobile phones having a C&F value of above $701. -DNA