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Govt decides to exempt classic cars & jeeps from duties, taxes in excess of $5000 per unit

Govt decides to exempt classic cars & jeeps from duties, taxes in excess of $5000 per unit

ISLAMABAD: Ministry of Finance, Economic Affairs, Statistics and Revenue Division Additional Secretary Muhammad Zahid issued notification for exemption of vintage or classic cars and jeeps meant for transport of persons on the import thereof from so much of the customs-duty, regulatory duty, additional customs duty, federal excise duty, sales tax and withholding tax as are in excess of the cumulative amount of US dollars five thousand per unit.

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