The Federal Board of Revenue (FBR) on Friday issued a notific
ation for tax exemption on imports of 61 items used in the prepar
ation of COVID-19 vaccines.
The federal cabinet had earlier given
approval to exempt imports of 61 items used in the prepar
ation of COVID-19 vaccine from taxes and duties on November 17.
Sources said that the Federal Board of Revenue (FBR) took three days to issue the notific
ation in this regards.
The tax exemption will ensure availability of necessary medical equipment to the hospitals besides expediting the prepar
ation of the coronavirus vaccine and reducing its cost, sources added.
According to FBR officials, the importers will be given tax exemption till June 30 – 2021 to bring in the
essential items related to the medic
ation of novel coronavirus. Earlier in the day, a private TV channel reported the lack of interest of the revenue board in duty-free imports of 61 items of Covid-19 vaccine despite getting
approval from the federal cabinet.
The commerce ministry had also issued a statutory notific
ation (SRO) regarding the items. Sources said the FBR’s lack of interest is delaying the duty-free imports of the
essential items which would be used for timely commencement of coronavirus vaccine and reducing its cost.
In another development today, the Economic Coordinatio
n Committee (ECC)
approved a technical supplementary grant for the advance purchases of COVID-19 vaccines. The Ministry of Natio
nal Health Services Regulations and Coordin
ation sought $150 million funds from the federal government for advance booking of COVID-19 vaccines, it was learnt earlier in the day.
