FBR updates rates of duty, tax on import of vehicles

FBR updates rates of duty, tax on import of vehicles

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. NoAutomotive vehicles of Asian makes meant for transport of persons.Duty and taxes in US$ or equivalent amount in Pak rupees.
(1)(2)(3)
1Up to 800ccUS$4800
2Up to 801-1000ccUS$6000
3From 1001 – 1300ccUS$13200
4From 1301 – 1500ccUS$18590
5From 1501 – 1600ccUS$22550
6From 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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