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Tuesday, December 24, 2024  
21 Jumada Al-Akhirah 1446  

How will Budget 2023-24 fare for you?

Ruling alliance proposes end on duties on solar panels, parts of lithium batteries
A labourer stands near the cargo supply at a warehouse near the port area in Karachi, Pakistan on May 13, 2020. Reuters
A labourer stands near the cargo supply at a warehouse near the port area in Karachi, Pakistan on May 13, 2020. Reuters

The ruling alliance is all set to present the Finance Bill today (Friday) in Parliament. The government has proposed an end to duties on products.

Below is the list of products on which duty has been kept at zero

Parts of Lithium Batteries

  • Cells
  • Copper Bar (cell to cell connection)
  • BMS (level 1) Electronic Card
  • Casing
  • Harness Set (Cells Monitoring Wires with tags)

Solar PV Modules Panels manufacturing machinery and equipment

  • Sun Simulator
  • Glass Lifter
  • Tabber Stringer (iv).Hi-Speed Layup Station with ROBOT
  • Motorized Visual Inspection
  • Buffer before Bussing
  • Multi-station for Bussing
  • Centering Conveyor with Visual Inspection
  • Fully Automatic or Semi-automatic Laminator with Centering, Loading & Unloading
  • Automatic Inline Framing Machine
  • Automatic Silicon Dispenser
  • Direction Changer with 90 Degree Rotator
  • Centering Conveyor for Sun Simulator
  • Hi-Pot Test Equipment
  • Electroluminescence (EL) Tester
  • Motorized Conveyor
  • EVA/Black sheet Cutting Machine
  • Ribbon Cutting & Bending Machine
  • Lab Test Equipment
  • Conveyer Belt
  • Laser cutting machine for cell
  • Cell sorting machine & testers

Lithium-ion batteries manufacturing machinery and equipment

  • Weighting kettles
  • Weighting and conveying systems
  • Storage tanks
  • Glue port
  • Transfer tanks
  • Feeder
  • High speed spiral mixer
  • Booster pumps
  • Magnetic filters
  • High speed homogenizer
  • Auxiliary equipment and DCS central control system components
  • Pole piece cathode machine
  • Polo piece rolling machine
  • CNC nibbling machine
  • CNC bending machine
  • Sport welding plant
  • Auxiliary equipment
  • High temperature circulation thermal tester
  • UL 2054 fire testing equipment
  • Pack rotation simulation
  • Free fall tester
  • Battery impact tester IEC
  • UL 1642 flame tester
  • Electromagnetic vibration tester
  • Single wing electromagnetic power drop testing equipment
  • Hydraulic crush testing equipment

Solar Inverters manufacturing machinery and equipment

  • Solder Paste Screen Machine
  • SMT pick and place machine
  • Wave-soldering machine
  • PCB Conveyor Belt
  • SMT Workstation
  • Solder Pot
  • Solder Cleaning Equipment
  • Wire Cutting & Stripping Machine
  • Crimping Machine

Medicines

  • Dextrose Anhydrous Injectable Grade (Pyrogen Free) USP
  • Gefitinib
  • Caspian (Caspofungin 50 mg and 70 mg injection)
  • Bovine Lipid Extract Surfactant
  • Other seeds for sowing

Following IT Related Equipment

  • Laptop computers, notebooks whether or not incorporating multimedia kit
  • Personal computers
  • Other
  • Micro computer
  • Key boards
  • Mouse and other pointing devices
  • Scanner
  • Other
  • CD ROM drive
  • Multimedia kits for
  • Software Export Board
  • Hard disk drives
  • Servers
  • Routers

Imports exempted from duty

  • Specific papers and Art cards and board for the printing of Holy Quran
  • Solar panels and import of related machinery
  • Diapers, Sanitary Napkins and Adhesive Tape
  • Mining machinery
  • Rice mill machinery
  • Machine tools
  • Imported seeds
  • Shrimp/prawns for breeding
  • roasted peanuts
  • Any machinery imported into erstwhile Fata

Products exempted from Sales Tax

  • Contraceptives
  • Agricultural machinery including combine harvesters, dryers for agricultural products, no-till-direct seeders, planters, trans-planters
  • Sales tax in FATA’s newly merged districts
  • import of IT equipment (for exporters)

Reduced duty on imported items

  • Customs duty on Heavy Commercial Vehicles from 10% to 5%
  • Scrap for manufacturers of polyester filament yarn
  • Second-hand clothing, fish, tiles, sports goods
  • IT based system development consultants reduced to 15% from 16%

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budget

Budget 2023 24

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live coverage budget 2023 24