KARACHI: Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes.
Federal Board of Revenue (FBR) said that these schemes are included: Personal Baggage; Gift Scheme; Transfer of Residence.
The FBR further said cars not older than 03 years and other vehicles not older than 05 years can be imported under these schemes.
The structure of duty and taxes under these 03 schemes remains the same.
Motorcycles and Scooters can only be imported under Transfer of Residence Scheme, the FBR said.
Students receiving remittance from Pakistan, non-earning members of the Pakistani nationals living abroad and those who have imported, gifted or received a vehicle in past two years are not eligible under these schemes.
Old and used Vehicles of Asian Makes under these 03 schemes can be imported against the payment of the following amounts:
| 01. | Upto 800 cc | US$ 4,800 |
| 02. | 801cc to 1000cc | US$6,000 |
| 03. | From 1001 cc to 1300cc | US$13,200 |
| 04. | From 1301cc to 1500cc | US$18,590 |
| 05. | From 1501cc to 1600cc | US$22,550 |
| 06. | From 1601cc to 1800cc (Excluding Jeeps) | US$27,940 |
Depreciation in duties & taxes at the rate of 1% per month is admissible according to the age of the vehicle.
The FBR said that 50 percent exemption from duty & taxes is admissible on import of Hybrid Electric Vehicles (HEVs) of engine capacity up to 1800cc and 25 percent exemption from duty & taxes is admissible on import of HEVs of engine capacity from 1800cc to 2500cc.
IMPORT OF DUTY FREE CAR FOR DISABLED PERSONS
Duty free import of a car of engine of capacity up to 1350 cc in new condition to disabled person subject to recommendations of the Federal Board for Disabled Persons.
