Total duty + taxes on import of gold bars from Africa

Someone asked me about duty+taxes structure on import of gold bars into Pakistan from Africa, and the documentation required for the same. Kindly advise.

Best regards

Dear @NadeemAkram ,

Thanks for your kind Inquiry,
Please see below detail of Custom Duty,

The exemptions & condition are mentioned for guidance purpose only.

Description:- Gold

PCT CODE:- 7108.1290
Quantity of unit:- KGS

Custom duty@0.00%
Sales tax@17.00%
Income tax@ 6.00%
Additional custom Duty@0.00%

Import Policy:-
1). Please check As per Appendix SRO 760(I)/2013 serial 3 Certificate from TDAP’‘Trade Development Authority of Pakistan’’ is required on import ‘‘Precious metal and gemstones’’ Please read Appendix SRO 760(I)/2013 serial 3 link :- https://www.tdap.gov.pk/pdf/SRO_760.pdf
2) . Importable subject to the condition that the importer shall arrange his own foreign exchange for the the purpose

TronGlobal (Private) Limited. Pakistan International freight forwarders and customs clearing agents since 1980.
UAN: (042) 111 570 570 Official Website: tron.pk | Email: info@tron.pk

*Opinions expressed here by the company staff, may and may not reflect of the company policy. Any content above that involves tariffs, valuation, or technical advice is being tendered to you
based on the information provided to us in our discussion or in your correspondence. The advice must be interpreted as an opinion and is not binding in any way.