ISLAMABAD: The government has increased the tax on used imported mobile phones based on the customs valuation, which has made 62 mobile models of different companies more expensive. According to a document available to Express News, the Directorate General of Customs Valuation of the Federal Board of Revenue (FBR) has issued a new customs valuation ruling for imported mobile phones, which states that taxes will be collected on imported mobile phones based on the newly determined customs valuation.
Officials say that in future, taxes will be collected on imported mobile phones based on this newly determined customs valuation.
Under the new customs valuation ruling issued by the Customs Valuation Directorate, 62 models of various well-known brands have become more expensive after the tax increase. The new law will be applicable to all used mobile phones, regardless of the condition of the mobile phone. Imported mobile phones must be activated at least 6 months ago.
According to the document, importers will have to provide details of mobile activation, the first valuation order has been terminated, a new rolling number 2070 has been implemented, new prices have been set based on market and import data, and a significant increase in the cost of importing old mobile phones is expected.
