New Regulatory Duty On Imported Used Cars

Jawad

27 Aug 2022

726

New Regulatory Duty On Imported Used Cars

The government of Pakistan imposed the ban on the import of the luxury and non-essential items but the current government has waived off the ban on the import of the car and they have increased the regulatory duty on the import of the new cars. The viewers can get the latest updates regarding their New Regulatory Duty On Imported Used Cars.

The federal minister of finance informed that the regulatory duty on the imported cars have observed the big increase of 85 percent.

We have made some calculations to show the impact of increase in regulatory duty and the customers can view the new figures.

CC Category	Model	Old	New	Difference
Upto 800cc	2019	850,000	2,014,305	1,164,305
801 - 1000cc	2019	1,086,310	2,415,031	1,328,721
1001 - 1300cc	2019	2,696,943	5,636,393	2,939,450
1301 - 1500cc	2019	3,798,195	7,937,921	4,139,726
1501 - 1600cc	2019	4,508,446	8,731,817	4,223,371
1601 - 1800cc	2019	5,586,074	10,818,935	5,232,861
1301 - 1500cc Hybrid	2019	2,107,121	4,168,960	2,061,839
1501 - 1600cc Hybrid	2019	2,254,223	4,365,909	2,111,686
1601 - 1800cc Hybrid	2019	3,093,037	5,709,467	2,616,430

As per USD @ 220 PKR

Regulatory Duty (RD) Raised To 100%

Federal Board of Revenue has enhanced the regulatory duties (RD) and the additional customs duties on the import of the non-essential and luxury items like CBU.

According to the government announcement that the regulatory duties on the car having over 1000cc are enhanced to 100 percent, which was previously 15%. It shows that the government has increased the duties on CBU cars with the hike of 85% and the car prices will mark new high price and the customers will find the new price hike in the local market.

Federal Board of Revenue has issued notification that the increased rate of the regulatory duty will be applicable from 22 August 2022 to February 2023.

Additional Custom Duties

FBR has imposed 35% additional custom duty on the vehicles, which comes under following PCT codes:

• 2323 — Sport utility vehicles -SUVs 4×4

• 2329 — Sedans and Hatchbacks)

• 2490 — diesel-powered vehicles

• 3223 — CKD or SKD kits for SUVs

• 3225 — all-terrain vehicles (4×4)

• 3229 — Commercial vehicles

• 3390 — Other vehicles with internal combustion engines or electric motor

• 9000 — Vehicle included SRO.1517(I)/2022.

The finance minister has made the announcement the stoppage of the import ban on non-essential and luxury items, which also includes imported cars.

Imported Cars Imported Cars Prices Regulatory Duty on Imported cars Used Imported cars New Imported Cars