Heading: BUDGET 2026-27: TPU TO ADDRESS CLASSIFICATION DISPUTES, REVISE PCT HEADINGS - 2026-06-06
Published June 6, 2026 Updated about 2 hours ago By Sohail Sarfraz ISLAMABAD: The Tax Policy Unit (TPU) of the Ministry of Finance will address customs classification disputes and revise Pakistan Customs Tariff (PCT) headings for imported goods in the upcoming 2026-27 budget to ensure the accurate and uniform classification of identical items. In his budget proposals for 2026-27, renowned businessman Isphanyar Bhandara shared his concerns overthe wrong classification of imported goods by applying the wrong Pakistan Customs Tariff headings. The alleged corruption and abuse of power among the customs department can effectively be checked through policy interventions like the customs tariff rationalization plan. He shared that the tariff rationalisation is a big change, and a permanent implementation committee must monitor the impact of tariff rationalisation on domestic industries. He…
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