Duty assessment of imported luxury vehicles: FBR ends role of authorised local agents

ISLAMABAD: Taking a major facilitative measure for importers, the Federal Board of Revenue (FBR) Monday ended the role of authorized local agents of vehicles, specially luxury cars from Europe, for certification of assessment of duties and taxes on imported vehicles.

Now onwards, only price certified by manufactures would be taken for assessment of duties and taxes on the import of these European luxurious vehicles including old and used vehicles. No such certificate would be required from the authorized local agents.

The FOB value of a motor vehicle at the time of its manufacture, as certified by the manufacturers, would be taken by the customs for assessment of duties and taxes.

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The role of local agents of new as well as old/used vehicles has been eliminated through issuance of Customs General Order No. 2 of 2026 on Monday. The FBR has amended Customs General Order No. 14 of 2005 dated the 6th June, 2005 on assessment of duties and taxes on the import of vehicles.

Sources told Business Recorder that after issuance of this new CGO, the importers of vehicles would not be required to go to the authorized local agents seeking assessment of vehicles.

Presently, these authorized local agents give assessed value of vehicles on payment of fee by the importer. The amendment would facilitate importers and value would not be declared by the local agents of big/luxurious vehicles from Europe.

With the help of availability of online data and actual importers value, it would not be necessary to pay fee to these authorized dealers to seek declared assessment value or such certificate, sources maintained.

The facility would also be instrumental in checking any possibility of low assessment values on imported luxury cars for clearance at a lower rates of duties and taxes, they added.

Copyright Business Recorder, 2026