{"id":97442,"date":"2023-01-07T09:29:43","date_gmt":"2023-01-07T09:29:43","guid":{"rendered":"https:\/\/autodeals.pk\/blog\/?p=97442"},"modified":"2023-01-07T09:29:43","modified_gmt":"2023-01-07T09:29:43","slug":"customs-duties-reduced-on-1000cc-car-ckd-kits","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/customs-duties-reduced-on-1000cc-car-ckd-kits\/","title":{"rendered":"Custom Duties Reduced On 1000cc Car CKD Kits"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-overview\"><strong>Overview<\/strong><\/h2>\n\n\n\n<p>The government has decreased custom duty on the import of small vehicle assembly equipment. In this context, the revenue division has also issued an amending notification.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Notification of Custom Duties<\/strong><\/h2>\n\n\n\n<p>According to the notification, the <a href=\"https:\/\/autodeals.pk\/blog\/\">customs duty<\/a> on assembly kits for cars with 1000cc or smaller engines has been decreased from 30% to 15%. In addition, the customs duty on tire tube imports has been cut from 25% to 16%.<\/p>\n\n\n\n<p>In addition, the government has decreased the customs charge on older vehicles with comparable engine displacements from 32.5% to 30%. The letter further states that the 15% discount is only valid for three years and applies to new model cars certified by the Engineering Development Board (EDB).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>State Bank of Pakistan Statement Custom Duties<\/strong><\/h2>\n\n\n\n<p>The State Bank of Pakistan (SBP) has relaxed import restrictions on <a href=\"https:\/\/autodeals.pk\/blog\/are-the-government-lifted-restrictions-on-ckd-import-in-2023\/\">Completely Knocked Down<\/a> (CKD) kits for local automakers.<\/p>\n\n\n\n<p>The SBP said in an official announcement that the central bank has decided to lift import restrictions beginning January 2, 2023. The decision is to allow the SBP to accept import transaction requests that have already been lodged.<\/p>\n\n\n\n<p>The elimination of import prohibitions and the decrease of import levies on small automobiles will allow companies. Such as Pak <a href=\"https:\/\/autodeals.pk\/new\/cars\/suzuki_8\">Suzuki<\/a>, <a href=\"https:\/\/autodeals.pk\/new\/cars\/kia_46\">Kia<\/a> Lucky, <a href=\"https:\/\/autodeals.pk\/new\/cars\/prince-_61\">Prince<\/a>, and other small car manufacturers to rev up production and sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has decreased customs duties on the import of small vehicle assembly equipment. In this context, the revenue division has also issued an amending notification.<\/p>\n","protected":false},"author":2,"featured_media":97443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"2","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":[],"footnotes":""},"categories":[28],"tags":[1583,1598],"class_list":["post-97442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ckd-kits","tag-customs-duties"],"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>Custom Duties Reduced On 1000cc Car CKD Kits<\/title>\n<meta name=\"description\" content=\"The government has decreased custom duties on the import of small vehicle assembly equipment. 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