ISLAMABAD: Federal Board of Revenue (FBR) has allowed reduced rate of customs duty on import of certain automotive vehicles in Completely Built Units (CBUs) under Automotive Development Policy 2016-2020.
Following are the automotive vehicles, which are granted reduced customs duty rates on import:
- Agricultural tractors, having an engine capacity exceeding 26 kW but not exceeding 75kW (PCT code 8701.9220, 8701.9320) at 15 percent.
- Agricultural Tractors (other than mentioned at S. No. 1 above) (PCT Code 8701.9100, 8701.9400, 8701.9500) at 10 percent.
- Fully dedicated LNG buses (CBU) (PCT Code 8702.9030) at one percent
- Fully dedicated LPG buses (CBU) (PCT Code 8702.9040) at one percent
- Fully dedicated CNG buses (CBU) (PCT Code 8702.9050) one percent.
- Hybrid Electric Vehicle (HEV) (CBU) (PCT code 8702.2090, 8702.3090) at one percent.
- Hybrid Electric Vehicle (HEV) (CBU) (PCT code 8704.2214, 8704.2294, 8704.2340, 8704.3240) at one percent.
- Trailers (PCT code 87.16) at 15 percent