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FBR withdraws customs duty concession on import of motorcycle parts

FBR withdraws customs duty concession on import of motorcycle parts

ISLAMABAD: Federal Board of Revenue has withdrawn concessionary rate of customs duty on the import of motorcycle components and kits from December 1, 2013 under new SROs.

Sources said that FBR has issued a letter to the Engineering Development Board on the validity status of the SROs 1401, 1402, 1403 & 1404.

FBR had previously announced time-bound concessions for the motorcycle industry for one year period which expired on November 30, 2013. Now, the customs duty rates have been restored on the import of components and kits by the motorcycle industry under new SROs.