Sport utility vehicles: 50 percent RD imposed on import
The Federal Board of Revenue (FBR) has imposed 50 percent regulatory duty (RD) on the import of sport utility vehicles 1801cc to 3000cc (except electric hybrids); sport utility vehicles above 2000cc and all terrain vehicles (CBU) above 2000cc (except electric hybrids). In this regard, the FBR has issued a SRO.742 (I)/2013 here on Friday.
Copyright Business Recorder, 2013
Sources told Business Recorder here on Friday that the regulatory duty would not be applicable on the import of electric hybrids vehicles. The FBR has inserted separate entries in the SRO.742(I)/2013 for imposition of 50 percent regulatory duty on the import of sport utility vehicles between 1801cc to 3000cc and sport utility vehicles above 2000cc.
Following is the text of the notification issued on Friday: In exercise of the powers conferred by sub-section (3) 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. 482(I)/2009, dated the 13th June, 2009, namely: In the aforesaid Notification, in the Table, in column (1),-
(a) after serial number 36 and the entries relating thereto in columns (2), (3) and (4), the following new serial number and the entries relating thereto shall be inserted, namely: