KARACHI: The import of motor cars in completely built unit (CBU) condition fell by 80 percent due to deterrence created against misuse of facility.
(more…)Tag: imported vehicles
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Amended payment procedure for imported vehicles issued
ISLAMABAD: The ministry of commerce has issued notification to implement amendment payment procedure for customs clearance of imported motor vehicles.
The ministry issued SRO 1625(I)/2019 dated December 30, 2019 to amend Import Policy Order, 2016.
As per amendment: “Provided that in case the Pak Rupee depreciates or government increases the import duties or taxes after receipt of remittance and before filing of the goods declaration, which results in shortfall of remitted amount against payable duties and taxes, the importer shall be allowed to meet the shortfall through local sources.”
The commerce ministry through SRO 52(I)/2019 dated January 15, 2019 made it mandatory that payment for customs clearance of import motor vehicles shall be made out of foreign exchange.
Further, the proof of payment through banking channel was also made mandatory.
According to the SRO 52:-
“All vehicles in new/used condition to be imported under transfer of residence, personal baggage or under gift scheme, the duty and taxes shall be paid out of foreign exchange arranged by Pakistan Nationals themselves or local recipient supported by bank encashment certificate showing conversion of foreign remittances to local currency, as under:
(a) the remittance for payment of duties and taxes shall originate from the account of Pakistani national sending the vehicle from abroad; and
(b) the remittance shall either be received in the account of Pakistani national sending the vehicle from abroad or, in case, his account is non-existent or inoperative, in the account of his family.”
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Customs Intelligence announces auction of non-duty paid vehicles on December 26
ISLAMABAD: Directorate of Customs Intelligence and Investigation, Rawalpindi has announced auction of confiscated non-duty paid vehicles on December 26, 2019 at State Warehouse.
The directorate to offer following non-duty paid vehicles for the auction:
01. Mercedes Benz Car (Bullet Proof), Model 1994, Chassis No. WDB1400322A114335
02. BMW 7 Series, Model 2003, Chassis No. WBAGN42070DE20464
03. BMW 735 Li Car, Model 2003, Chassis No. WBAGN42050DE21385
04. Honda City Car, Model 2003, Chassis No. GD8-1004386, Engine Capacity, 1300CC
05. Toyota Corolla Car, Model 1995, Chassis No. AE100-3302749, Engine Capacity 1498CC
06. Mercedes Benz Car, Model 1994, Chassis No. WDB2020182F044548
07. Toyota Hilux Surf, Model 2004, Chassis No. VZN215-0006957, Engine Capacity 3378CC
08. Toyota Mark-X Car, Model 2011, Chassis No. GRX130-6043630, Engine Capacity 2500CC
09. Toyota Land Cruiser Cygnus, Model 2004, Chassis No. UZJ100-0149702, Engine Capacity 4663CC
10. Toyota Crown Car, Model 2004, Chassis No. GRS180-5009970
11. Toyota Hilux Surf, Model 1998, Chassis No. RZN185-9016724, Engine Capacity 2700CC
12. Toyota Premio Car, Model 2004, Chassis No. NZT240-0065261, Engine Capacity 1797CC
13. Toyota Mark X Car, Model 2014, Chassis No. GRX130-6084786, Engine Capacity 2499CC
14. Honda Civic Reborn Car, Model 2005, Chassis No. FD3-1000784
15. Toyota Corona Car, Model 1996, Chassis No. AT210-0001448, Engine Capacity 1600CC
16. Suzuki Swift Car, Model 2007, Chassis No. ZC71S-426827
17. Toyota Premio Car, Model 2007, Chassis No. ZRT260-3015732, Engine Capacity 1797CC
18. Suzuki Intruder Motorcycle Heavy Bike, Chassis No. VK54A-100630
19. Honda Civic Reborn Car, Model 2006, Chassis No. FD3-1004646
20. Toyota Land Cruiser, Model 2003, Chassis No. UZJ100-0141251, Engine Capacity 4668CC
21. Toyota Mark – X Car, Model 2010, Chassis No. GRZ130-6034481, Engine Capacity 2500CC
22. Toyota Mark – X Car, Model 2005, Chassis No. GRX120-0031681, Engine Capacity 2500CC
23. Honda Airwave Car, Model 2005, Chassis No. GHI-1036512, Engine Capacity 1496CC
24. Toyota Mark – X Car, Model 2010, Chassis No. GRX130-6011393, Engine Capacity 2500CC
25. Toyota Crown Car, Model 2002, Chassis No. JZS171-0086674
26. Toyota Premio Car, Model 2008, Chassis No. ZRT261-3005333, Engine Capacity 1800CC
27. Toyota Feilder Car, Model 2006, Chassis No. NZE121-0335592, Engine Capacity 1500CC
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Cars import falls by 81pc during July – November
ISLAMABAD: The import of imported cars has sharply fell by 81 percent during July – November of 2019/2020 owing to restriction imposed by the government for customs clearance through payment in foreign exchange.
The country spent $26.1 million for import of completely built units (CBU) cars during first five months of current fiscal year as compared with $135 million in the corresponding months of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on December 17, 2019.
As per law the commercial import of used or old cars is not allowed. However, in order to facilitate Pakistanis living abroad the government has allowed incentives to bring cars into Pakistan.
According to Federal Board of Revenue (FBR), Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under these schemes: Personal Baggage; Gift Scheme; and Transfer of Residence.
Cars not older than three years and other vehicles not older than five years can be imported under these schemes, the FBR said.
In the past these schemes were grossly misused and bulk of imported cars brought into the country.
However, the ministry of commerce in February 2019 amended Import Policy Order, 2016 and made it mandatory for clearance of cars through foreign exchange, which should be certified by banks.
Since then the clearance of the cars has come to a standstill. Customs authorities said that a large number of imported cars were at the port but importer had failed to make payment as per procedure prescribed by the ministry of commerce.
The import of cars started declining in the last fiscal year. The import of CBU cars fell by 51.33 percent to $222 million in fiscal year 2018/2019 as compared with $456 million in the preceding fiscal year.
The overall import of CBU vehicles during first quarter of current fiscal year fell 74 percent. The import of heavy vehicles including buses and trucks has declined by 42 percent. While import of CBU motorcycles fell by 75 percent.
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Pakistan spends $531mn on vehicle import in 4 months
KARACHI: Pakistan has spent $531 million on vehicle import in the first four months (July – October) of the current fiscal year, according to official data released on Wednesday.
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Import of used vehicles: changes to payment of duty, taxes approved
ISLAMABAD: The government has approved changes to payment of duty and taxes system for clearance of used vehicles, which are allowed to import under three different schemes.
The Economic Coordination Committee (ECC) of the Cabinet on Wednesday on a proposal by the Commerce Division, took up the import of used vehicles under personal baggage, transfer of residence and gift schemes which require the payment of duties and taxes to be paid out of foreign exchange arranged by Pakistani nationals themselves or local recipients producing proof of conversion of foreign remittance to local currency, and allowed the importers to meet any shortfall in arrangement of required foreign remittance for payment of duties and taxes through local sources in case of a scenario where the Pak rupee depreciates or government increases the import duties and/or taxes after the receipt of remittance and before the filing of the good declaration, which results in shortfall of remitted amount vis-a-vis payable duties and taxes.
The ECC decision would help clear up a total of 1017 vehicles currently stuck at Karachi port because either no foreign remittance had been received or the remitted amount had been rendered insufficient due to depreciation of PKR before the filing or goods declaration or increase in the rate of duty in the Finance Act 2019.
On another proposal by the Commerce Division, the ECC accorded ex-post approval to an SRO issued by Commerce Division on August 21, 2019 for extending till August 31, 2019 the implementation of quality standards on the import of solar PV equipment into Pakistan under an SRO issued by the Commerce Division on May 28, 2019.
The Commerce Division had issued the SRO in late August following instructions from the Prime Minister to resolve the issue of several containers stuck up at ports due to lack of clarity amongst stakeholders, pre-shipment companies and border agencies regarding documents required for observance and implementation of the quality standards introduced on May 28, 2019 as per a decision of the federal cabinet.
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Tourists allowed temporary import of vehicles
KARACHI: Tourists visiting Pakistan are allowed to import vehicles temporarily with certain conditions under Customs Rules 2001.
According to the customs rules, a tourist who imports a vehicle against carnet-de-passage or a bank guarantee may be given delivery thereof by the officer-in-charge of the Customs station of entry without payment of customs-duties for its retention in Pakistan for a period of three months.
However, such tourist is required to make a declaration at the Customs-station of entry to the effect that he will not constructively or substantially transfer the ownership of the vehicles to any other person during his stay in Pakistan:
Provided that if it is not practicable for the tourist to export such vehicle within the said period and he makes an application to the Federal Board of Revenue (FBR) before the expiry of that period to this effect, the FBR may extend that period not exceeding three months:
Provided further that if the same vehicle re-enters Pakistan within one year after its exit, whether in the name of the same tourist (non-Pakistani) or in the name of somebody else (non-Pakistani) temporary release shall not be allowed against carnet-de-passage or a bank guarantee for more than fourteen days except for vehicles operated by recognized foreign tour agencies which shall be allowed re-entry within one year for a period not exceeding three months at one point of time.
Where the export of such vehicle is not possible on grounds of health of the importer, or in circumstances beyond his control, or because of an accident in which the vehicle is involved, the FBR may extend the period not exceeding six months, in which case a fresh bank guarantee shall be furnished if the existing bank guarantee does not cover the period of extension:
Provided that if the importer wishes to retain such vehicle beyond period for which permission for retention has been allowed, he shall obtain an import permit from the Ministry of Commerce and shall pay the Customs-duties and taxes leviable thereon on the date of its import.
If a tourist imports a vehicle for passage through Pakistan to a foreign destination, the officer-in-charge of the Customs-station of entry may, in the absence of carnet-de-passage or a bank guarantee, allow the vehicle to pass through Pakistan without payment of customs duties under escort form the Customs station of entry to the Customs-station of exit on payment of escort charges to be determined by the respective Collector.
The particulars of the vehicle so allowed to pass through Pakistan shall be endorsed on the passport of the importer.
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Overseas Pakistanis can bring vehicles under three schemes
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. -
Car imports fall sharply by 85 percent in first two months
KARACHI: The car imports in Pakistan have sharply fell by 85 percent during first two months of current fiscal year owing to payment restriction imposed for customs clearance.
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MCC Appraisement West announces auction of old, fresh vehicles on Sept 16
KARACHI: Model Customs Collectorate (MCC) Appraisement West announced auction of used vehicles on September 16, 2019 to be held at Al-Hamd International Container Terminal (AICT).
The collectorate to offer following vehicles for auction:
01. Toyota Hilux 3000CC Model 2009
02. Toyota Land Cruiser VX (V8) Armored 2779CC Model 2000
03. Toyota Hilux Pickup Double Cabin 2779CC Model 2008
04. Volkswagen AG Car 999CC Model 2013
05. Toyota Aqua Hybrid Car 1496CC Model 2014
06. Toyota Ambulance 3378CC, Model 2004
07. Toyota Ambulance 4WD full time 3378CC, Model 2005
08. Mitsubishi EK Space Customs Car Model 2017
09. Nissan Dayz Car Model 2017
10. Toyota Aqua Hybrid Car 1496ml, Model 2017
11. Toyota Hiace 1988CC Model 2016
12. Cast Daihatsu Car 658CC Model 2017
13. Mira 658CC Model 2017
14. Nissan Dayz ROOX 658CC Model 2016
15. Nissan Dayz Car, Model 2016
16. Honda N-Wagon Model 2016
17. Suzuki Swift RS Car Model 2017
18. Daihatsu Mira ES Car 658CC Model 2017
19. Nissan Dayz Car, Model 2016 (02 pc bumper extra)
20. Nissan Dayz Car, Model 2016
21. Suzuki Wagon-R Stingray Model 2016
22. Honda N-WGN Model 2016
23. Passo Car (MODA) 996CC, Model 2016
24. Toyota NOAH Hybrid Van 1797 mL, Model 2015
25. Toyota AQUA Hybrid 1496mL, Model 2015
26. Suzuki Every, Model 2014
27. Toyota AQUA Hybrid Car 1496mL, Model 2016
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