Government Introduces Customs Duty on Agricultural Tractors in Fiscal Budget
The government has announced the imposition of customs duty (CD) on the import of agricultural tractors as part of the new fiscal budget. The CD rates vary based on the…
Budget 2023-24 brings relief for hybrid car importers and buyers
The government has announced a reduction in the customs duty (CD) on the import of hybrid electric vehicles (HEVs) in the fiscal budget 2023-24, which is expected to lower the…
Surcharge on imported vehicles is a very bad decision
KARACHI: Government of Pakistan, earlier this week, increased both regulatory and additional custom duties on various imported vehicles as a replacement for a complete ban on imported vehicles. Duty and…
Budget High Lights
1. Reduction in rate of capital gains tax on disposal of securities from 15% to 12.5%, reveal budget documents. 2. Defence spending to be Rs1.37 trillion in the upcoming year.…
Car prices can be reduced only through maximum localization
PAAPAM Members appreciate PM notice of higher car prices; want 10-year ‘Auto parts localization policy’. The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appreciated the PM’s taking…
SHC remands issue of short paid duty to Customs Appellate Tribunal
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeelahmed Abbasi and Justice Abdul Malik Gaddi on Monday disposing of a Special Customs Reference Application (SCRA) remanding…
Petition filed by Pak Suzuki partly heard after 18 years
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Irfan Saadat Khan and Justice Zafar Ahmed Rajput on Friday partly heard a constitution petition 743/1998 and fixed…
SCRA BY Hino Pakistan to be heard on April 14
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi fixed April 14 for hearing a Special Custom Reference Appeal (SCRA)…
FIRs lodged against motorcycle assemblers for evading duty/tax on parts import
KARACHI: The MCC Hyderabad has lodged an FIR against M/s D.S Motors, M/s Memon Motor and M/s Raazy Motors for concealing and misappropriating weight of motorcycle parts. Their customs agents…