Exemption From Customs Duty on machinery and equipments
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE
(REVENUE DIVISION)
***
Islamabad, the 6th June, 2005.
NOTIFICATION
(CUSTOMS)
SRO. 577(I)/2005.- In exercise of the powers conferred by section 19 of the Customs Act, 1969
(IV of 1969), clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, 1[and] sections 148 and
53 read with the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), 1[omitted] and in
supersession of its Notification No.S.R.O.932(I)/2004, dated the 20th November, 2004, the Federal
Government is pleased to exempt old and used automotive vehicles 3[of Asian makes]meant for transport of
persons, specified in column (2) of the Table below, falling under PCT heading No. 87.03 of the First
Schedule to the Customs Act, 1969 (IV of 1969), on the imports from so much of the customs-duty, sales
tax 1[and] withholding tax 1[omitted] as are in excess of the cumulative amount specified in column (3)
thereof.
for transport of persons. rupees.
| S. No. | Automotive vehicles of Asian makes meant for transport of persons. | Duty and taxes in US$ or equivalent amount in Pak rupees. |
|---|---|---|
| 1. | Upto 800CC | US$ 5[4800] |
| 2. | Upto 801cc to 1000cc | US$ 5[6000] |
| 3. | From 1001cc to 1300CC | US$ 5[12000] |
| 4. | From 1301cc to 1500CC | US$ 5[16900] |
| 5. | From 1501cc to 1600CC | US$ 5[20500] |
| 6. | From 1601 cc to 1800 CC (excluding jeeps) | US$ 5[25400] |
- Depreciation in the duties and taxes @ 2[1]% per month in payable amount as per
cumulative scales mentioned in the Table shall be allowed subject to a maximum of 50% 4[ but 60% for
cars] as per Customs General Order No. 14 of 2005 dated 6th June, 2005. Other old and used vehicles shall
be assessed as per normal procedure prescribed under the above mentioned Customs General Order.
- This notification shall take effect from the 6th day of June, 2005.
[C.No.2(10)Tar.II/97.Pt.II].
(MUHAMMAD RAMZAN)
ADDITIONAL SECRETARY
As amended:
- S.R.O.560(I)/2008 - dated 11.06.2008(w.e.f.12.06.2008)
- S.R.O.25(I)/2009 - dated 12.01.2009
- S.R.O.84(I)/2010 - dated 15.02.2010
- S.R.O.275(I)/2011 - dated 26.03.2011
- S.R.O.562(I)/2014 - dated 26.06.2014