GOVERNMENT OF
MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE
(REVENUE DIVISION)
*****
NOTIFICATION
(CUSTOMS)
S.R.O. 932(I)/2004-: In exercise of powers conferred by section
19 of the Customs Act 1969 (IV of 1969), clause (a) of sub-section (2) of
section 13 of the Sales Tax Act, 1990, section 148 and 53 read with Second
Schedule of the Income Tax Ordinance, 2001 (XLIX of
2001) and sub-section (10) of section 7 of the
Finance Act, 1989, the Federal Government is pleased to exempt old and used
automotive vehicles specified in column (2) of the Table below, falling under
PCT headling 87.03 of the First Schedule to the
Customs Act, 1969 (IV of 1969), on the imports from so much of the customs-duty,
sales tax, withholding tax and CVT as are in excess
of the cumulative amount specified in column (3) thereof..
TABLE
|
S. No. |
Vehicle meant
for Transport of person |
Duty and taxes in US$ Or equivalent amount In Pak rupees. |
|
(1) |
(2) |
(3) |
|
1 |
Upto 800cc |
US$ 4000 |
|
2 |
From 801cc
to 1000cc |
US$ 5000 |
|
3 |
From 1001cc
to 1300cc |
US$ 10000 |
|
4 |
From 1301cc
to 1600cc |
US$ 18000 |
|
5 |
From 1601cc
to 1800cc |
US$ 22000 |
2.
Depreciation in the duties and taxes @ 1% per month in
payable amount as per
Cumulative scales mentioned above shall be allowed subject to the
maximum of 50% as per Customs General Order No. 10 of 2004 dated
3. This
notification shall be deemed to have taken effect from
[C.No.2(10)Tar,II/97.Pt.II]
(MUHAMMAD
RAMZAN)
ADDITIONAL SECRETARY