{"id":8227,"date":"2017-10-17T15:12:52","date_gmt":"2017-10-17T15:12:52","guid":{"rendered":"https:\/\/www.autodeals.pk\/?p=8227"},"modified":"2017-10-17T15:12:52","modified_gmt":"2017-10-17T15:12:52","slug":"government-increases-custom-duty-on-car-imports-by-upto-30","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/","title":{"rendered":"Government Increases Custom Duty On Car Imports By Upto 30%"},"content":{"rendered":"<p>The Federal Board of Revenue listed up the imported items and their particular customs tax, in the SRO issued yesterday. The older SRO was modified by the new one, altering custom duties, raising the tax rate which is charged on the import of new vehicles by 30%.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-8229\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/tesla_model_s_reuters-300x224.jpg\" alt=\"\" width=\"800\" height=\"598\" \/><\/p>\n<p>Shahid Khaqan Abbasi, the PM of Pakistan,\u00a0in an interview said that he will not let the rupee get devalued. Amplification in customs tax will lend a hand for the government in generation of a significant flow of revenue in the direction of the economy at the same time as dispiriting people from importing pricey stuff which hurts the foreign exchange reserves.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8231\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/UT8R8ADXilXXXagOFbXq-300x225.jpg\" alt=\"\" width=\"800\" height=\"600\" \/><\/p>\n<p>Economy of Pakistan has been under pressure of the instability of value of rupee, indecision in stock market and quite a lot of other thing. Nevertheless, this step, will lend a hand to the mafia and domination of the trio of Japanese car manufacturers \/assemblers who tend to be \u2018robbing\u2019 Pakistanis by giving them overly priced cars at the same time as depriving them of fundamental specifications.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8228\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/b30-300x150.jpg\" alt=\"\" width=\"800\" height=\"400\" \/><\/p>\n<p>It is quite offensive to pay out enormous amounts of money for out-of-date vehicles\u2013 while on the other hand the same amount of money can get you a much better-quality vehicle from other countries.<\/p>\n<p>The final alternative for people of Pakistan for the purpose or car import is also being observed by the government. The new taxes will boost the entire cost of importing vehicles to Pakistan.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8232\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/Custom-Duties-Taxes-on-Imported-Cars-300x169.jpg\" alt=\"\" width=\"800\" height=\"450\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The piled up list of vehicles and the new customs taxes imposed via the new SRO are here below;<\/p>\n<ol>\n<li><strong>New Sport-Utility Vehicles (SUVs):\u00a0<\/strong>80% tax, up from 50%<\/li>\n<li><strong>Old and Used Sport-Utility Vehicles (SUVs) 1801cc-3000cc:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>New Cars and Jeeps 1801cc-3000cc:\u00a0<\/strong>80% up from 50%<\/li>\n<li><strong>Used Cars and Jeeps 1801cc-3000cc:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>New Cars and Jeeps above 3000cc:<\/strong>80% up from 50%<\/li>\n<li><strong>Used Cars and Jeeps above 3000cc:<\/strong>60% unchanged<\/li>\n<li><strong>New All-terrain vehicles:\u00a0<\/strong>80% up from 50%<\/li>\n<li><strong>Old and Used All-terrain vehicles:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>New Cars and Jeeps Above 2000cc:\u00a0<\/strong>80% up from 50%<\/li>\n<li><strong>Used Cars and Jeeps Above 2000cc:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>New Cars and Jeeps Above 2500cc:\u00a0<\/strong>80% up from 50%<\/li>\n<li><strong>Used Cars and Jeeps Above 2500cc:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>New Other:\u00a0<\/strong>80% up from 50%<\/li>\n<li><strong>Old and Used Other:\u00a0<\/strong>60% unchanged<\/li>\n<li><strong>Vehicles of a cylinder capacity exceeding\u00a01000cc but not exceeding 1300cc:\u00a0<\/strong>15% unchanged.<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8230\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/auction-300x168.jpg\" alt=\"\" width=\"800\" height=\"448\" \/><\/li>\n<\/ol>\n<p>It is to be noted that the \u201cNew Sport-Utility Vehicles (SUVs)\u201d category, in the past, doesn\u2019t contained the electric-hybrid vehicles to be under the same category. Their ruling out in the revised SRO is not given, therefore as a matter of fact, we can anticipate that they will be having the same tax rate on them too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Board of Revenue listed up the imported items and their particular customs tax, in the SRO issued yesterday. The older SRO was modified by the new one, altering custom duties, raising the tax rate which is charged on the import of new vehicles by 30%. Shahid Khaqan Abbasi, the PM of Pakistan,\u00a0in an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[25],"tags":[],"class_list":["post-8227","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.1 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government Increases Custom Duty On Car Imports By Upto 30% - Automotive News | Auto Deals Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Increases Custom Duty On Car Imports By Upto 30%\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue listed up the imported items and their particular customs tax, in the SRO issued yesterday. The older SRO was modified by the new one, altering custom duties, raising the tax rate which is charged on the import of new vehicles by 30%. Shahid Khaqan Abbasi, the PM of Pakistan,\u00a0in an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\" \/>\n<meta property=\"og:site_name\" content=\"Automotive News | Auto Deals Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AutoDeals.Int\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-17T15:12:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/tesla_model_s_reuters-300x224.jpg\" \/>\n<meta name=\"author\" content=\"Andleeb Sidhu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andleeb Sidhu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\"},\"author\":{\"name\":\"Andleeb Sidhu\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/c4d29d7b6f97316ffe83c6a7eaa7dd50\"},\"headline\":\"Government Increases Custom Duty On Car Imports By Upto 30%\",\"datePublished\":\"2017-10-17T15:12:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\"},\"wordCount\":437,\"publisher\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/10\/tesla_model_s_reuters-300x224.jpg\",\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\",\"url\":\"https:\/\/autodeals.pk\/blog\/government-increases-custom-duty-on-car-imports-by-upto-30\/\",\"name\":\"Government Increases Custom Duty On Car Imports By Upto 30% - 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