ISLAMABAD: The Federal Board of Revenue (FBR) has invited customs-related budget proposals for the fiscal year 2026–27 from its field formations and the business community, aiming at tariff rationalisation. The proposals may include changes in import duty slabs, abolition or reduction of customs duties, Additional Customs Duties (ACDs), and Regulatory Duties (RDs).
According to an official letter issued on Wednesday, the FBR has formally launched the customs budget exercise for FY2026–27 and requested all relevant stakeholders to submit their proposals.
Sources said the Customs Budget Section has reached out to field formations and stakeholders, seeking input for the upcoming budget. To facilitate submissions, detailed instructions and prescribed formats (annexure) for budget proposals have been uploaded on the FBR’s website.
The tariff rationalisation measures introduced in the federal budget 2025–26 resulted in a revenue loss of Rs200 billion during the current fiscal year.
A breakdown of the revenue impact shows that the reduction in ACD rates led to a revenue loss of Rs126.7 billion, changes in RDs caused a loss of Rs57.7 billion, while revisions in customs duty rates had revenue implications of Rs15.6 billion.
