Term Report

Top-3 M2C Items of Pakistan (Barite, Iron Ore & Manganese)

Course: GIMPEX

Submitted to: Sir Faisal Jalal (FJ)

Submitted by: Saif Khan (ERP ID: 27368) &Samra Sarwar (ERP ID: 25569)

1|Page Term Report- GIMPEX

1.Manganese H.S. Code 2602.000:
Hierarchical Diagram:

Manganese Potassium
Manganese
Dioxide Permanganate

Export (FY:2020-21):

Import (FY:2020-21):

Applicable Law:
Pakistan Trade Facilitation Agreements
Price Range:
USD 0.11/MT-USD 0.18/MT
Duties:

Country Group Group Description Activity Tariff Rate Unit Valid From Valid To

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

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 Country Group Group Description Activity Tariff Rate Unit Valid From Valid To

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Customs duty as per Pak-China

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Free Trade Agreement (FTA)

Pak-Malaysia Customs Duty as per Pak-Malaysia

Import 0% KG 02-07-2017 30-06-2040
FTA Free Trade Agreement

Pak-Sri Lanka Custom Duty as per Pak-Sri Lanka

Import Free KG 24-04-2014 31-12-2040
FTA (CD) FTA

Customs duty as per South Asia

SAFTA Free Trade Area (SAFTA) Import 5% KG 02-07-2017 31-12-2040
Agreement

Concession in Customs duty as

SAPTA per SAARC Preferential Trade Import 20% KG 02-07-2017 31-12-2040
Agreement (SAPTA)

I. Manganese Dioxide H.S. Code 2530.9010:

Import (FY:2020-21):

Applicable Law:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.262/MT to USD 2.37/MT
Duties:

Country Group Group Description Activity Tariff Rate Unit Valid From Valid To

CD Statutory Customs Duty Import 0% KG 01-07-2021 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Pak-China (EHP) Custom Duty on import as per Pak-

Import 0% KG 25-08-2017 31-12-2040
CD China Early Harvest Program (EHP)

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 Country Group Group Description Activity Tariff Rate Unit Valid From Valid To

Customs duty as per Pak-China

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Free Trade Agreement (FTA)

Pak-Malaysia Customs Duty as per Pak-Malaysia

Import 0% KG 02-07-2017 30-06-2040
FTA Free Trade Agreement

Pak-Indonesia Customs duty as per Pak-Indonesia

Import 0% KG 25-08-2017 31-12-2040
FTA Free Trade Agreement

Concession in Customs Duty on

Pak-Iran FTA import of goods under Pak-Iran Import 15% KG 02-07-2017 31-12-2040
Preferential Trade Agreeement

Pak-Sri Lanka Custom Duty as per Pak-Sri Lanka

Import Free KG 24-04-2014 31-12-2040
FTA (CD) FTA

Customs duty as per South Asia

SAFTA Free Trade Area (SAFTA) Import 5% KG 02-07-2017 31-12-2040
Agreement

Concession in Customs duty as per

SAPTA SAARC Preferential Trade Import 30% KG 02-07-2017 31-12-2040
Agreement (SAPTA)

ii- Potassium permanganate H.S. Code 2841.6100:

Import (FY:2020-21):

Applicable Law:
Control of Narcotic Substances Act, 1997 (Act No.XXV of 1997)
Pakistan Trade Facilitation Agreements

Price Range:
USD 1.3/MT to USD 4.4/MT

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Duties:

Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Customs duty as per Pak-China Free Trade

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Agreement (FTA)

Customs Duty as per Pak-Malaysia Free

Pak-Malaysia FTA Import 0% KG 02-07-2017 30-06-2040
Trade Agreement

Pak-Sri Lanka FTA (CD) Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040

Customs duty as per South Asia Free Trade

SAFTA Import 5% KG 02-07-2017 31-12-2040
Area (SAFTA) Agreement

Reference:

(PAKISTAN SINGLE WINDOW, n.d.)

2.Barite H.S. Code 2511.1000:

Hierarchical Diagram:

Sulphates of
Barite Barium

Barium Carbonate

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Export (FY:2020-21):

Import (FY:2020-21):

Applicable Laws:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.065/MT-USD 0.285/MT

Duties:
Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

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 Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

Pak-China (EHP) Custom Duty on import as per Pak-China

Import 0% KG 25-08-2017 31-12-2040
CD Early Harvest Program (EHP)

Customs duty as per Pak-China Free Trade

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Agreement (FTA)

Customs Duty as per Pak-Malaysia Free

Pak-Malaysia FTA Import 0% KG 02-07-2017 30-06-2040
Trade Agreement

Customs duty as per Pak-Indonesia Free

Pak-Indonesia FTA Import 0% KG 25-08-2017 31-12-2040
Trade Agreement

Pak-Sri Lanka FTA

Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040
(CD)

Customs duty as per South Asia Free Trade

SAFTA Import 5% KG 02-07-2017 31-12-2040
Area (SAFTA) Agreement

Concession in Customs duty as per SAARC

SAPTA Import 30% KG 02-07-2017 31-12-2040
Preferential Trade Agreement (SAPTA)

i-Barium Carbonate H.S. Code 2836.6000:

Import (FY:2020-21):

Applicable Laws:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.515/MT to USD 0.87/MT

Duties:

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 Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Customs duty as per Pak-China Free Trade

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Agreement (FTA)

Pak-Malaysia Customs Duty as per Pak-Malaysia Free

Import 0% KG 02-07-2017 30-06-2040
FTA Trade Agreement

Pak-Sri Lanka
Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040
FTA (CD)

Customs duty as per South Asia Free Trade

SAFTA Import 5% KG 02-07-2017 31-12-2040
Area (SAFTA) Agreement

ii-Sulphates of Barium H.S. Code 2833.2700:

Import (FY:2020-21):

Applicable Laws:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.407/MT to USD 0.685/MT

8|Page Term Report- GIMPEX

Duties:
Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

01-07- 31-12-
CD Statutory Customs Duty Import 0% KG
2021 2040

01-07- 31-12-
ACD Statutory Additional Customs Duty Import 2% KG
2021 2040

01-07- 31-12-
ST (VAT) Statutory Sales Tax Import 17% KG
2013 2040

01-07- 31-12-
IT Statutory Income Tax Import 11% KG
2020 2040

Customs duty as per Pak-China Free 01-01- 31-12-

Pak-China FTA Import 0% KG
Trade Agreement (FTA) 2021 2021

Pak-Malaysia Customs Duty as per Pak-Malaysia Free 02-07- 30-06-

Import 0% KG
FTA Trade Agreement 2017 2040

Pak-Sri Lanka 24-04- 31-12-

Custom Duty as per Pak-Sri Lanka FTA Import Free KG
FTA (CD) 2014 2040

Customs duty as per South Asia Free 02-07- 31-12-

SAFTA Import 5% KG
Trade Area (SAFTA) Agreement 2017 2040

Reference:

(PAKISTAN SINGLE WINDOW, n.d.)

9|Page Term Report- GIMPEX

3-Iron Ore 2601.1100:
Hierarchical Diagram:

Iron Iron
Ore Oxide

Export (FY:2020-21):

Applicable Laws:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.035/MT to USD 0.5127/MT

Duties:
Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

10 | P a g e Term Report- GIMPEX

 Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Customs duty as per Pak-China Free Trade

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Agreement (FTA)

Customs Duty as per Pak-Malaysia Free Trade

Pak-Malaysia FTA Import 0% KG 02-07-2017 30-06-2040
Agreement

Concession in Customs Duty on import of goods

Pak-Iran FTA Import 30% KG 02-07-2017 31-12-2040
under Pak-Iran Preferential Trade Agreement

Pak-Sri Lanka FTA

Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040
(CD)

Customs duty as per South Asia Free Trade

SAFTA Import 5% KG 02-07-2017 31-12-2040
Area (SAFTA) Agreement

Concession in Customs duty as per SAARC

SAPTA Import 10% KG 02-07-2017 31-12-2040
Preferential Trade Agreement (SAPTA)

i-Iron Oxide H.S. Code 2821.1010:

Import (FY:2020-21):

11 | P a g e Term Report- GIMPEX

Export (FY:2020-21):

Applicable Laws:
Pakistan Trade Facilitation Agreements

Price Range:
USD 0.2/MT to USD 2.596/MT
Duties:

Country Group Group Description Activity Tariff Rate Unit Valid From Valid To

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040
ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040
IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040
Customs duty as per Pak-China Free
Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Trade Agreement (FTA)
Pak-Malaysia Customs Duty as per Pak-Malaysia Free
Import 0% KG 02-07-2017 30-06-2040
FTA Trade Agreement
Pak-Sri Lanka
Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040
FTA (CD)
Customs duty as per South Asia Free
SAFTA Import 5% KG 02-07-2017 31-12-2040
Trade Area (SAFTA) Agreement

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ii-Ferrous Sulphate H.S. Code 2833.2910:

Import (FY:2020-21):

Export (FY:2020-21):t:

Applicable Laws:
Pakistan Trade Facilitation Agreements
The Drug Regulatory Authority ACT, 2012
Drugs Act, 1976

Price Range:
USD 0.221/MT to USD 1.5/MT
Duties:

Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

CD Statutory Customs Duty Import 0% KG 01-07-2019 31-12-2040

ACD Statutory Additional Customs Duty Import 2% KG 01-07-2021 31-12-2040

ST (VAT) Statutory Sales Tax Import 17% KG 01-07-2013 31-12-2040

13 | P a g e Term Report- GIMPEX

 Tariff
Country Group Group Description Activity Unit Valid From Valid To
Rate

IT Statutory Income Tax Import 11% KG 01-07-2020 31-12-2040

Customs duty as per Pak-China Free Trade

Pak-China FTA Import 0% KG 01-01-2021 31-12-2021
Agreement (FTA)

Customs Duty as per Pak-Malaysia Free

Pak-Malaysia FTA Import 0% KG 02-07-2017 30-06-2040
Trade Agreement

Concession in Customs Duty on import of

Pak-Iran FTA goods under Pak-Iran Preferential Trade Import 30% KG 02-07-2017 31-12-2040
Agreement

Pak-Sri Lanka
Custom Duty as per Pak-Sri Lanka FTA Import Free KG 24-04-2014 31-12-2040
FTA (CD)

Customs duty as per South Asia Free

SAFTA Import 5% KG 02-07-2017 31-12-2040
Trade Area (SAFTA) Agreement

Reference:

(PAKISTAN SINGLE WINDOW, n.d.)

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Email Reference after Interview Call:

15 | P a g e Term Report- GIMPEX