Govt increases duties levied on CBU vehicles

CBU importers may be getting some relief as FBR revises regulatory duties

The Government of Pakistan has increased the regulatory duty levied on completely-built-up (CBU) vehicles for the upcoming fiscal year through S.R.O. 966(l)/2022. The increase in custom duties may be an attempt to improve the current account position whilst also generating additional revenue through customs given the success in 2021/22. Furthermore, this hints that the government is providing some relief to Pakistani automotive importers by overturning the ban on CBUs. 

Notable increases in some vehicle categories are as follows: 

A “new vehicle” means a vehicle manufactured during 12 months preceding the date of importation and neither registered nor used more than 500 kilometers prior to importation.

Daniyal Ahmad
Daniyal Ahmad
The author is a member of the staff, and covers the automobile, energy and advertising insdusties as a sector analyst. He can be reached at daniyal.ahmad@pakistantoday.com.pk

2 COMMENTS

  1. As far as we discriminate against imported goods, we seriously compromise on quality of the products and fair competition.

Comments are closed.

Must Read

Ogra allows import of two HSD cargoes by PSO, rejects GO’s...

PSO to import 95,000MT of high-speed diesel for June, down from the 145,000MT requested; Domestic production is deemed sufficient for the coming month