The Federal Board of Revenue (FBR) of Pakistan has a policy in place that governs the import of cars into the country. The policy is designed to protect the local automotive industry and to ensure that imported cars meet certain safety and emissions standards.
Under the policy, new cars can be imported freely by anyone against payment of leviable duties & taxes. However, used cars can only be imported under FBR policy for car import. These schemes include:
- Personal Baggage Scheme: This scheme allows Pakistani nationals who are returning to Pakistan from abroad to import one used car duty-free. The car must be less than three years old and have a maximum engine capacity of 1,800cc.
- Transfer of Residence Scheme: This scheme allows Pakistani nationals who are transferring their residence to Pakistan to import one used car duty-free. The car must be less than five years old and have a maximum engine capacity of 2,500cc.
- Gift Scheme: This scheme allows Pakistani nationals who receive a used car as a gift from a non-resident to import the car duty-free. The car must be less than three years old and have a maximum engine capacity of 1,800cc.
In addition to the above schemes, the FBR policy for car import also allows the import of old and used vehicles of Asian makes under certain conditions. These conditions include:
- The vehicle must be less than five years old.
- The vehicle must have a maximum engine capacity of 2,500cc.
- The vehicle must be imported through a registered dealer.
The FBR policy for car import has also imposed certain taxes and duties on imported cars.
These taxes and duties include:
- Customs duty
- Sales tax
- Federal Excise Duty
- Additional Customs Duty
- Green Tax
The amount of tax and duty payable on an imported car will vary depending on the make, model, and engine capacity of the car.
The FBR policy for car import has also set certain safety and emissions standards for imported cars. These standards are designed to ensure that imported cars meet the same standards as cars manufactured in Pakistan.
The FBR policy for car import is a complex and ever-changing one. It is important to check with the FBR for the latest information on the policy before importing a car into Pakistan.
“This article was written by Bard, a large language model from Google AI.”