Three Scheme to Import Used Cars for Overseas Pakistanis

BRIEF ABOUT IMPORTS OF CARS.

# / Vehicles of Asian makes / Duty and taxes in US$ or Pak Rupees.
1. / Upto 800CC / US$ 4800
2. / 801cc -- 1000cc / US$ 6000
3. / 1001cc -- 1300CC / US$ 13200
4. / 1301cc -- 1500CC / US$ 18590
5. / 1501cc -- 1600CC / US$ 22550
6. / 1601 cc -- 1800 CC
(excluding jeeps) / US$ 27940
S.NO / CATEGORY / TOTAL INDENCE OF DUTY / TAXES
1 / UPTO 800CC / 91.30%
2 / 801-1000CC / 98%
3 / 1001-1300CC / 105%
4 / 1301-1500 CC / 105%
5 / 1501-1600CC / 124%
6 / 1601-1800CC / 124%
7 / 1801CC AND ABOVE (CARS-JEEPS) / 265%
9 / PICKUP / PANEL VAN / 105%
10 / PESSENGER VAN / COASTER 10 SEATER AND ABOVE COMMERCIAL / 54%
11 / BIKE / 112%

Three scheme to import used cars for overseas Pakistanis.

Personnel Baggage Scheme:

Minimum stay abroad -- 180 days within last seven months preceding the date of application.
Passport in original
Export certificate of vehicle
Bill of lading in the name of passenger
Vehicle purchase receipt /invoice required for the clearance.

Transfer of Residence Scheme: m

Minimum stay abroad at least 700 days during the past three years.
Passport in original
Export certificate of vehicle
Bill of lading in the name of passenger
Vehicle purchasereceipt/invoice.

Gift Scheme:

Minimum stay abroad at least 700 days during the past three years.
Overseas Pakistani can gift to -- Father, Mother, Sister, Brother, Wife and Children of 18 years of age.

(CNIC of donee, purchase receipt,bill of lading showing name and address of consignee and attested photocopy of passport required for the clearance.

Bill of lading date not later than 120 days from the date of arrival of passenger.

in these scheme can imports , car of three years of age and jeep, suv, pickup, van , bus, truck of five years of age.

Only one car/vehicle can be imported in two years.

Students receiving remittance from Pakistan are not allowed to import or gift a car/vehicle.

The age of the vehicle shall be determined from the 1stJanuary of the year subsequent to the year of manufacture till the date of shipment as per bill of lading.

Before purchase a car/vehicle from japan should be checked the auction sheet and grades of vehicle if

Grade (R) means the car/vehicle is repaired in japan.

Grade 5 just like new.

Purchase from UK check HPI data to see whether the car/vehicle is not stolen or finance liability.

Assessment of taxes:

taxes are fixed on asian make cars/vehicle from 800 cc to 1800. cc.

S. No. / Automotive vehicles of Asian makes meant
for transport of persons. / Duty and taxes in US$ or equivalent amount in Pak rupees.
(1) / (2) / (3)
1. / Upto 800CC / US$ [4800]
2. / Upto 801cc to 1000cc / US$ [6000]
3. / From 1001cc to 1300CC / US$ [13200]
4. / From 1301cc to 1500CC / US$ [18590]
5. / From 1501cc to 1600CC / US$ [22550]
6. / From 1601 cc to 1800 CC
(excluding jeeps) / US$ [27940]

Depreciation in the duties and taxesshall be allowed @:

(a)1% per month in payable amount as per cumulative scales mentioned in the Table

(b)subject to a maximum of 50% but 60% for cars] (see Customs General Order No. 14 of 2005 dated 6th June, 2005)

(c)Other old and used vehicles shall be assessed as per normal procedure prescribed under the above mentioned Customs General Order.

IN CASE OF HYBRIDE VEHICLES 50% ALSO EXEMPTION ON TAXES.

ALUE FOR THE ASSESMENT OF TAXES DETERMINE FROM THE VALUATION RULINGS COMPILED THROUGH THE DATA SUPPLIED BY THE MANUFACTURER SOLE AGENTS /REPRESANTATIVES IN PAKISTAN OR RETREIVED FROM THE WEBSITES OF MANUFACTURER.

DEPRECIATION IN IMPORT VALUE:

THE PERIOD FOR THE DEPRECIATION SHALL BE DETERMINED FROM THE 1ST JANUARY OF THE YEAR SUBSEQUENT TO THE YEAR OF MANUFACTURE TILL THE DATE OF SHIPMENT AS PER BILL OF LADING.

ON CARS @ 1% PER MONTH UPTO 60%

ON JEEP/ SUV @ 1% PER MONTH UPTO 50%

ON PICKUP @ 2% PER MONTH UPTO 50%

ON VANS @ 2% PER MONTH UPTO 60%