ISLAMABAD, May 17 2018 – Dr. Miftah Ismail, Federal Minister of Finance, Revenue and Economic Affairs announced the exemption of 3% custom duty, 1% additional duty and 17% sales taxes on the import of microfeeder equipment used for wheat flour fortification on Friday, 27 April 2018 in his speech in the Parliament House on the federal budget 2018-19.
The recommendation was made by the Senate Standing Committee on Finance and Revenue, under the leadership and support of Deputy Chairman of Senate, Honorable Senator Saleem Mandviwalla and Senator Farooq H. Naek, for the removal of taxes and duties on the import of microfeeders in order to reduce the cost of adding vitamins and micronutrients to wheat flour. The exemption of custom duties and taxes for wheat flour fortification microfeeders was raised in the meeting of the Senate Standing Committee on Finance on 1 February 2018. The Committee unanimously agreed recommendations for exemptions for microfeeders from the federal finance bill for 2018-19. “The exemption of customs, additional duty and sales taxes on the import of microfeeders would reduce the cost of fortifying wheat flour and contribute to the improvement of the nutritional status of the people of Pakistan, especially women and children”, said Dr. Tausif Akhtar Janjua, Technical Director of the UK aid funded Food Fortification Programme.
We are thankful to the Customs Wing and Inland Revenue (Policy) Wing of Federal Board of Revenue (FBR) and the Senate of Pakistan, especially to Mr. Senator Saleem Mandviwala, Deputy Chairman of Senate of Pakistan, Senator Farooq H. Naek, Senator Mian Muhammad Ateeq Shaikh, Dr. Muhammad Iqbal, Member Inland revenue (Policy), Mr. Zahid Khokhar, Member of Customs, Mr. Mushtaq Ali Shahani Baloch, Secretary (Tarrif), Customs Wing FBR and Dr. Abdul Baseer Khan Achakzai, Director Nutrition, Ministry of National Health Services Regulations and Coordination, Pakistan for taking this important policy action and for their efforts to supporting Food Fortification Programme in Pakistan.