Pakistan Revenue
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 […]
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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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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 […]
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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 […]
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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 […]
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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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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).
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ISLAMABAD: Federal Board of Revenue (FBR) has revised additional customs duty on import of components for motor vehicles. The FBR issued SRO 936 (I)/2019 dated August 19, 2019 to amend the SRO 693(I)2006 dated July 01, 2006. The FBR amended Appendix-I of SRO 693(I)/2006 related to import of components for motor vehicles. As per SRO […]
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The Economic Survey of Pakistan 2018/2019 stated that the payment for imported vehicles can now be made at the customs stage through foreign remittances received in the account of family members of the sender.
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ISLAMABAD: The ministry of industries and production has opposed the suggestions to allow commercial import of used and old motor cars into Pakistan. In an office memorandum, the ministry said that a meeting was held earlier this month with the car dealers federation to analyse suggestions to devise import and re-export of used vehicles policy […]
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