Pakistan Revenue
KARACHI: Federal Board of Revenue (FBR) has been advised to simplify valuation and levy of duty and taxes on imported vehicles. Officials in FBR said that in budget proposals received for 2020/2021, the business community proposed simplification of valuation and fixing duty and taxes. According to the proposals the valuation of vehicles may also be […]
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KARACHI: Import of motor vehicles in completely built-up unit (CBU) condition registered phenomenal growth of 148 percent in April 2020 despite restrictions to foreign trade owing to lockdown for preventing coronavirus pandemic. According to data released by Pakistan Bureau of Statistics (PBS) the import of motor vehicles in CBU condition increased to $10.77 million in […]
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KARACHI: The import of used and old cars witnessed sharp decline of 69 percent during first nine months (July-March) of current fiscal year due to imposition of condition regarding payment of duty and taxes through foreign exchange. The import of used and old cars in Completely Built Unit (CBU) condition declined by 69 percent to […]
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KARACHI: The State Bank of Pakistan (SBP) has said that the regulatory restrictions on vehicle imports under the gift and baggage schemes continued to dent Completely Built Unit (CBU) imports.
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ISLAMABAD: The Model Customs Collectorate (MCC) Preventive Peshawar has announced auction of vehicles and mobile phones to be held on March 09, 2020. Following vehicles to be auctioned at State Warehouse Peshawar: Mercedes Benz (Bullet Proof) Model 1982, Chassis No. WDB-12603312037551 Toyota Hilux Pick Up Model 2007, Chassis No. MROCS12G400043443 Toyota Land Cruiser Model 2004, […]
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KARACHI: Pakistan Customs has announced auction of fresh lot of vehicles lying at Bay West, West Wharf Road, Karachi to be held on March 07, 2020. Following vehicles to be presented for auction: 01. Suzuki Escudo, Chassis No. TDA4W-271562, manufacturing year 2013, capacity 2400CC 02. Toyota Aqua, Chassis No. NHP10-6450900, manufacturing year 2015, capacity 1500CC […]
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KARACHI: The import of used and old cars plunged by 77 percent during first seven months (July-January) of 2019/2020 due to condition of payment of duty and taxes through foreign exchange imposed by the government. The import of used and old cars in Completely Built Unit (CBU) condition fell by 77 percent to $43.64 million […]
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KARACHI: The import of motor cars in completely built unit (CBU) condition fell by 80 percent due to deterrence created against misuse of facility.
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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 […]
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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. […]
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