Regulatory duty increased on imported Electric vehicles

In a bid to discourage import of vehicles the Federal Board of Revenue (FBR) has imposed increased regulatory duty on completely built up (CBU) vehicles being brought into the country.

The FBR has issued SRO157(I)/2022 to amend SRO 840(I)/2021 relating to the imposition of the regulatory duty on import of goods.

Under the new notification, FBR has imposed 10 percent regulatory duty on the import of electrical vehicles (EVs) in CBU condition of more than 50 KWH battery pack excluding commercial buses and trucks (up to the 30th June, 2022).

The FBR has also substantially increased RD from 15 to 50 percent on the import of new 4×4 vehicles (CBU); new mini vans (CBU) having Pakistan Customs Tariff heading 8703.2195; other (new); new vehicles of a cylinder capacity exceeding 1000cc but not exceeding 1300cc; new mini vans (CBU) having Pakistan Customs Tariff heading 8703.2240; new sport utility vehicles (SUV) with PTC heading of 8703.2260; other (New); new SUVs having Pakistan Customs Tariff heading 8703.2313 and other (new).

The regulatory duty has been imposed from January 27, 2022 till 30, June 2022