Used imported mobiles become costlier after 175% FBR hike
The federal government has increased taxes on used imported mobile phones after raising their customs valuation by up to 175%, making 62 models of
An illustrative image related to: Used imported mobiles become costlier after 175% FBR hike, highlighting key aspects of the story. | Image source: The Express Tribune
Used imported mobiles become costlier after 175% FBR hike
The federal government has increased taxes on used imported mobile phones after raising their customs valuation by up to 175%, making 62 models of various brands more expensive.
According to documents available to The Express Tribune , the Federal Board of Revenue (FBR) has revised the customs valuation of imported mobile phones through its Directorate General of Customs Valuation, issuing a fresh valuation ruling under which taxes will henceforth be collected based on revised values.
Representatives said the raise in customs valuation has directly raised the levy weight on imported mobile phones. Following the fresh ruling, 62 models of various well-known brands have become costlier.
The fresh framework applies to all used mobile phones regardless of their condition. It further requires that imported mobile phones must have been activated at least six months before entry, and importers are required to share activation details, which will be verified by customs regulators.
The previous valuation ruling has been withdrawn and replaced with Valuation Ruling No. 2070. Prices have been determined on the ground of arena and entry metrics, with representatives alert that the charge of importing used mobile phones is expected to climb significantly.
Under the revised structure, the customs value of a used iPhone 15 Pro Max has been increased from $460 to $505, while the iPhone 15 Pro has been raised from $390 to $472. The iPhone 15 Plus has increased from $320 to $390, and the iPhone 15 from $310 to $378.
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