ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a 40 percent regulatory duty on the commercial import of old and used vehicles.
In this regard, the FBR has issued S.R.O 1898(I)/2025 here on Thursday.
The 40 percent Regulatory Duty shall be in addition to the already imposed Regulatory Duty under S.R.O.1152(l)/2025 of the FBR.
Commerce ministry issues SRO for commercial import of old vehicles
The Ministry of Commerce has already issued a Statutory Regulatory Order (SRO) for the commercial import of used cars.
According to the notification, in exercise of powers conferred by sub-section (3) of section 18 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to levy regulatory’ duty at the rate of 40 percent on commercial import of used vehicles, falling under PCT Heading 8702, 8703, 8704 and 8711 of the First Schedule to the said act, imported under clause (xvi) of S. No. 10 of the Table of Appendix-C of the Import Policy Order, 2022 as per the condition stipulated therein.
The Regulatory Duty under this Notification shall be in addition to the Regulatory Duty levied under Notification S.R.O. No. 1152(l)/2025 dated June 30, 2025.
Copyright Business Recorder, 2025
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