ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rates of duty and tax for customs clearance of imported vehicle.
The Federal Government of Pakistan has extended various benefits / exemptions to the taxpayers for importing vehicles, according to updated rates up to June 30, 2020.
The details concessions / exemptions are given as under:-
i. S.R.O. 577(I)/2005 Dated 06.06.2005 (Exemption from customs duty, sales tax, withholding tax on import of certain specified Old and used automotive vehicles)
The import of old and used automotive vehicles of Asian makes meant for transport of persons, specified in column (2) of the Table below, falling under PCT heading No. 87.03 of the First Schedule to the Customs Act, 1969 (IV of 1969), is exempted from so much of the customs-duty, sales tax and withholding tax as are in excess of the cumulative amount specified in column (3) thereof,
| Sr. No | Automotive vehicles of Asian makes meant for transport of persons. | Duty and taxes in US$ or equivalent amount in Pak rupees. |
| (1) | (2) | (3) |
| 1 | Up to 800cc | US$4800 |
| 2 | Up to 801-1000cc | US$6000 |
| 3 | From 1001 – 1300cc | US$13200 |
| 4 | From 1301 – 1500cc | US$18590 |
| 5 | From 1501 – 1600cc | US$22550 |
| 6 | From 1601 – 1800cc (Excluding Jeeps) | US$27940 |
It is relevant to mention that the Federal Government has fixed the leviable duty and taxes of automotive vehicles of Asian makes meant for transport of persons as discussed above irrespective of their physical condition. The Customs officers do not have any discretionary power to increase / decrease the leviable duties / taxes, the FBR said.
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