Incentive Data

Low Customs Duty for Vehicle Assembly (New Make or Model).

S.R.O 841(I)/2021.- In exercise of the powers conferred by sub-section (5) of section 18 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to direct that the following further amendments shall be made in its Notification No. S.R.O 693(I)/2006, dated the 1st July, 2006, namely: -

            In the aforesaid Notification,-

            (1) in the Table; -

            (a) against S No. 1, in column and entry relating thereto in column (4), after the words and full stop “ad val.” the expression “but 15% ad val. for new make or model as certified by EDB for two years from the date of issuance of manufacturing certificate or up to the 30th June, 2024, whichever is earlier”; shall be inserted;

 

            (c) against S No. 7 in column (1) and entry relating thereto in column (4), after the full stop the expression “but 15% ad val. for new make or new model exceeding 200cc as certified by EDB for two years from the date of issuance of manufacturing certificate or up to the 30th June, 2024, whichever is earlier.”; shall be inserted;

            (e) against S No. 11 in column (1) and entry relating thereto in column (4), after the full stop, the expression “but 15% ad val. for new make or new model exceeding 125cc as certified by EDB for two years from the date of issuance of manufacturing certificate or up to the 30th June, 2024, whichever is earlier.”; shall be inserted;

            (f) against S No. 12 in column (1) and entry relating thereto in column (4), after full stop, the expression “ but 15% ad val. for new make or new model exceeding 200cc as certified by EDB for two years from the date of issuance of manufacturing certificate or up to the 30th June, 2024, whichever is earlier.”; shall be inserted;

Source:

S.R.O 841(I)/2021 (Amending SROs of: 693(I)/2006), Federal Board of Revenue, dated 30.06.2021

https://download1.fbr.gov.pk/SROs/202171872930572SRO841(I)202130.06.2021.pdf