FBR imposes up to 60pc regulatory duty on vehicle imports

KARACHI: The Federal Board of Revenue (FBR) has imposed up to 60 percent regulatory duty on import of new, old and used luxury vehicles.

The FBR issued two different SROs on Wednesday to update the implementation of regulatory duty that was announced in the budget on May 26, 2017. The FBR notified regulatory duty on ad valorem basis imposed on about 508 items in order to improve revenue collection and discourage import of non-essential and luxury items.

According to the SROs, vehicles included for the purpose of levying regulatory duty included new sport utility vehicles 1801 cc to 3000 cc, RD 50 percent; Old and used sport utility vehicles 1801 CC to 3000cc, RD 60 percent; new cars and jeeps 1801 cc to 3000 cc, RD 50 percent; old and used cars and jeeps 1801 cc to 3000 cc, 60 percent; new cars and jeeps above 3000cc, RD 50 percent; old and used cars and jeeps above 3000 cc, RD 60 percent; new sport utility vehicles above 2000 cc, RD 50 percent; old and used sport utility vehicles above 2000 cc; RD 60 percent; new all terrain vehicles (CBU), 50 percent; old and used all terrain vehicles, 50 percent, etc.