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Vehicles likely to be more expensive, 15% extra duty on Vehicles parts

Vehicles likely to be more expensive, 15% extra duty on Vehiclesparts

Media Desk Islamabad: FBR has more than a thousand parts used in cars, trucks and other vehicles, Imports of Glasses and Weather Shields impose an additional customs duty of 15%This will further increase their prices in Pakistan. According to the media report, FBR has issued SRO No 993 (1) 2019 in this regard. At present, Japan and China automobile manufacturing units are established in Pakistan. Who assemble cars in Pakistan by importing parts manufactured in their countries. The issued SRO also includes a permanent determination of the number and nature of the components for the vehicle assembly industry. This will no longer create a dispute between the importers and the customs authorities on the customs duty issue when importing these partsand help in the clearance of consignments.

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