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FBR Rescinds Notification Regarding FED on Cigarettes

The Federal Board of Revenue (FBR) has rescinded SRO.178(I)/2023 which considerably increased the Federal Excise Duty on cigarettes from Feb 14, 2023.The FBR rescinded SRO.178(I)/2023 through an SRO.515(I)2023 issued on Tuesday. However, the FBR’s SRO…