Budget 2022 showcases a massive increase in imported mobile phones’ levy
Reports state that a new levy of up to Rs. 16,000 has been proposed for the import of mobile phone through the Finance Bill, 2022.
Details of the Finance Bill proposal
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According to the Finance Bill, there shall be a mobile handset levy at the rates specified on smartphones of different price categories. Here’s the levy breakdown set on mobile phones under the proposal:
- There will be a levy of Rs. 100 per set on a mobile phone 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 200.
- The rate of levy per set on mobile phones having a C&F value between $101 and $200 will be 600.
- The rate of levy per set on mobile phones having a C&F value between $201 and $350 will be 1800.
- The rate of levy per set on mobile phones having a C&F value between $351 and $500 will be 4000.
- The rate of levy per set on mobile phones having a C&F value between $501 and $700 will be 8000.
- The rate of levy per set on mobile phones having a C&F value of above $701 will be 16000.
| Sr. | Mobile Phones having C&F Value (US Dollars) | Rate of levy per set in Pak Rupees |
| 1. | Up to 30 | 100 |
| 2. | Above 30 and up to 100 | 200 |
| 3. | Above 101 and up to 200 | 600 |
| 4. | Above 201 and up to 350 | 1800 |
| 5. | Above 350 and up to 500 | 4000 |
| 6. | Above 501 and up to 700 | 8000 |
| 7. | 701 and above | 16000 |
Sources state that the government has estimated revenue of Rs. 10 billion from the levy on the import of mobile phones.
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