GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE
(REVENUE DIVISION)
***
Islamabad the 6th June, 2005
NOTIFICATIONS
(CUSTOMS)
1. SRO.577(i)/2005,- in exercise of the 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, sections 148 and 53 read with the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), and sub-section (10) of section 7 of the Finance Act, 1989, and in supersession of its Notification No. S.R.O.932(I)/2004, dated the 20th November, 2004, the Federal Government is pleased to exempt old and used automotive vehicles meant for transport of persons, specified in column (2) of th Table below, falling under PCT heading No. 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 capital value tax (CVT) as are in excess of the cumulative amount specified in column (3) thereof.
TABLE
|
S.No. |
Automtive vehicle meant for transport of persons. |
Duty and taxes in US$ or equivalent amount in Pak rupees. |
|
(1) |
(2) |
(3) |
|
1. |
Upto 800CC
(Asian makes only) |
US$ 4000 |
|
2. |
Upto 800CC
(Other than Asian makes) |
US$ 6000 |
|
3. |
From 801cc to 1000CC |
US$ 5000 |
|
4. |
From 1001cc to 1300CC |
US$ 10000 |
|
5. |
From 1301cc to 1500CC |
US$ 14000 |
|
6. |
From 1501cc to 1600CC |
US$ 17000 |
|
7. |
From 1601cc to 1800CC
(Asian makes only, but excluding jeeps). |
US$ 21000 |
2. Depreciation in the duties and taxes @ 2% per month in payable amount as per cumulative scales mentioned in the Table shall be allowed subject to a maximum of 50% as per Customs General Order No. 14 of 2005 dated 6th June, 2005. Other old and used vehicles shall be assessed as per normal procedure prescribed under the above mentioned Customs General Order.
3. This notification shall take effect from the 6thday of June, 2005.
(C.No.2(10)Tar,II/97.Pt.II)
(MUHAMMAD RAMZAN)
ADDITIONAL SECRETARY
