The government is planning to impose regulatory duty on the import of vehicles including old and used cars and increase rate of the import duty slabs under Pakistan Customs Tariff from December 1, 2015. It is learnt that the meeting of the Economic Co-ordination Committee (ECC) of the Cabinet to be held on Friday (today) may not take up agenda of additional revenue generation through imposition of the RD. A special ECC meeting is likely to be convened later for approval of the RD on luxury items.
The government is examining three proposals for imposition of regulatory duty on the import of vehicles ie 5 percent, 10 percent and 15 percent. One of these slabs has yet to be finalised. The regulatory duty would be increased on the import of items specified in S.R.O. 482 (I)/2009.
Presently, 50 percent RD is applicable on the import of sport utility vehicles 1801cc to 3000cc (except electric hybrids); cars and Jeeps 1801 cc to 3000cc (except electric hybrids); cars and Jeeps above 3000 cc (except electric hybrids); sport utility vehicles above 2000cc (except electric hybrids); all terrain vehicles (CBU) (except electric hybrids) and cars and Jeeps above 2000 cc (except electric hybrids); cars and Jeeps above 2500 cc (except electric hybrids) and other (except electric hybrids). The government may impose additional regulatory duty on the import of these vehicles. There is a possibility that the rate of duty under certain customs tariff slabs would also be increased as revenue generation measure.
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