FBR keeps 100pc regulatory duty on car imports
February 22, 2023 10:54 AM
Pakistan has raised the rate of regulatory duty to 100 percent on the import of hundreds of items including vehicles, electronics/cosmetics, home appliances, and furniture into the country till March 31, 2023.
According to the 24NewsHD TV channel, the Federal Board of Revenue (FBR) issued SRO 204 (I)/ 2023 dated February 20, 2023, in order to continue the regulatory duty on the import of motor vehicles and other items.
The implementation of regulatory duty was expiring on February 21, 2023. Therefore, the FBR extended the imposition through the instant SRO up to March 31, 2023.
The government has kept the 100 percent regulatory duty on car imports till March 31.
The regulatory duty (RD) at the rate of 100 percent has been imposed on imported vehicles included: mini vans in completely build units (CBU); 4X4 vehicles CBU; vehicles of a cylinder capacity exceeding 1000CC but not exceeding 1300CC; sports utility vehicles.
The RD on minivans has been increased from 15% to 100% while RD on sports vehicles increased from 70% to 100%. Likewise, the RD on new four-by-four vehicles has been increased from 15 to 100 percent. It is increased on car-jeep from 70 to 100 percent.
The RD also increased the import of chocolates from 10 to 49 percent; jams, fruit jellies, marmalades, fruit or nut puree, and fruit or nut pastes, obtained by cooking, whether or not containing added sugar or other sweetening matter from 20 percent to 49 percent.
The RD was increased from 20 to 49 percent on the import of fruit, nuts, and other edible parts of plants, otherwise prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit, not elsewhere specified or Included.
The RD was also increased from 30 to 49 percent on the import of waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter nor flavored; ice and snow.
The FBR had imposed 20 percent RD on the import of seeds, jewelry boxes (49 percent RD); doors, windows, and other frames (49 percent RD), and storage heating radiators (49 percent RD).
The RD was increased on the import of 25 to 49 percent on the import of waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavored.
The FBR had imposed 49 percent RD on the import of baths, shower-baths, sinks, and washbasins; 24 percent RD on toilet papers, toilet or facial tissue stocks, and 49 percent RD on the import of tableware and kitchenware.
The RD was increased from 30 to 49 percent on the import of tableware, kitchenware, other household articles, and toilet articles, of porcelain or china.