Budget 2021/2022: Duty, taxes abolished on cars up to 850cc

Jun 11

Automotive, Budget 2021-2022, Taxation

Budget 2021/2022: Duty, taxes abolished on cars up to 850cc

ISLAMABAD: The government has announced abolishing duty and taxes on locally manufactured and imported cars with engine capacity up to 850cc to enable low earning families to afford motor vehicles. Finance Minister Shaukat Tarin while presenting federal #budget 2021/2022 on Friday announced duty and tax incentives for sale and import of motor cars with engine […]

by Mrs. Anjum Shahnawaz

Sharp growth recorded in import of CBU, CKD motor cars

Apr 17

Automotive

Sharp growth recorded in import of CBU, CKD motor cars

ISLAMABAD: A sharp growth has been witnessed in import of motor cars in the categories of Completely Build Unit (CBU) and Completely Knocked Down (CKD) during first nine months (July – March) of 2020/2021. The import of motor cars in both the categories recorded over 100 percent growth. According to data released by Pakistan Bureau […]

by Mrs. Anjum Shahnawaz

FBR urged to allow commercial import of used cars to end auto assemblers monopoly

Apr 10

Automotive, Budget 2021-2022

FBR urged to allow commercial import of used cars to end auto assemblers monopoly

KARACHI: Federal Board of Revenue (FBR) has been urged to allow commercial import of used and reconditioned cars of models up to five years old to end monopoly of local car assemblers. Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2021/2022 recommended the commercial import of used and reconditioned motor cars […]

by Mrs. Anjum Shahnawaz

Car import jumps up by 166 percent in seven months

Feb 18

Automotive

Car import jumps up by 166 percent in seven months

ISLAMABAD: The import of used and old cars recorded a growth of 166 percent during first seven months (July – January) of 2020/2021 owing to significant decline in coronavirus cases and relaxation in economic activities by easing COVID lockdown. According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday, the import payment for […]

by Mrs. Anjum Shahnawaz

Import of CKD motor vehicles witnesses unprecedented growth

Jan 17

Automotive

Import of CKD motor vehicles witnesses unprecedented growth

ISLAMABAD: The import of motor vehicles in Completely Knock Down (CKD) condition has witnessed a unprecedented growth of 4902 percent in December 2020 due to acceleration of manufacturing activities by auto industry in the country. According to Pakistan Bureau of Statistics (PBS), the import of motor vehicles in CKD/Semi Knock Down (SKD) condition increased to […]

by Mrs. Anjum Shahnawaz

MCC Quetta to auction 135 motor vehicles on December 28

Dec 24

Auction, Pakistan Customs

MCC Quetta to auction 135 motor vehicles on December 28

KARACHI: Model Customs Collectorate (MCC) Quetta has announced auction of 135 motor vehicles on December 28, 2020. Following vehicles will be presented at the auction: 1. Toyota Mark X, Chassis No. GRX120-0037293, Engine Type 4GR-FSE, Model 2005, 2500-CC, Color White. 2. Nissan X Trail Jeep, Chassis No. NT30-020555, Model 2001, Color White. 3. Nissan X […]

by Mrs. Anjum Shahnawaz

FBR updates rates of duty, tax on import of vehicles

Dec 19

Automotive, Pakistan Customs, PkRevenue Channel

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:- […]

by Mrs. Anjum Shahnawaz

Car import surges by 194 percent in five months

Dec 19

Automotive

Car import surges by 194 percent in five months

ISLAMABAD: The Import of motor cars in Completely Built Unit (CBU) has surged by 194 percent during the first five months (July – November) of the current fiscal year owing to ease in travel restrictions that were imposed due to the coronavirus pandemic. According to the Pakistan Bureau of Statistics (PBS), the import of cars […]

by Mrs. Anjum Shahnawaz

Guidelines for vehicle import into Pakistan

Dec 15

Pakistan Customs, PkRevenue Channel

Guidelines for vehicle import into Pakistan

KARACHI: Pakistan Customs has issued updated taxpayers’ facilitation guide for import of vehicles under various schemes. Vehicles classifiable under HS Chapter 87 are importable under various schemes. The law of land caters for import of both new and used vehicles under stipulations of Import Policy. 1). Import of New Vehicles: New vehicles are importable into […]

by Mrs. Anjum Shahnawaz

Dec 12

Auction

MCC Islamabad announces auction of imported vehicles on Dec 16

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad announced auction of confiscated vehicles and vehicles of PM’s House to be held on December 16, 2020 at State Warehouse of the collectorate. Following confiscated vehicles to be presented for the auction: 01. Ambulance, Model 2004, Reg. No. P-137DJW, Chassis No. VF1FB30AH14443523 02. Nissan X-Trail Comfort, Model 2004, Reg. […]

by Mrs. Anjum Shahnawaz