<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by bashi</i>
<br />I want to import "Mini Pajero 2000 model DOHC 16 valve auto transmission , 660 CC" can any body here calculate Duty & taxes
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I got this material can any one help me in this reagrd
"SRO (I)/2010 issued in this regard stated that 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, sections 148 and 53 read with the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the federal government is pleased to direct that the following further amendments shall be made in its notification No SRO 577(I)/2005, dated June 6, 2005, namely In the aforesaid notification, (i) in the preamble, after the word âvehiclesâ the words of âAsian makesâ shall be inserted; and (ii) for the table, the following shall be substituted, namely- automotive vehicles of Asian makes meant for transport of persons, duty and taxes in dollar or equivalent amount in rupees.
Duty and taxes of dollar or equivalent amount in rupees that would be applicable on import of vehicles of Asian makes included <b>$4,400</b> for vehicles up to 800cc engine capacity. Some $5,500 from 801cc to 1000cc engine capacity.
Some $11,000 from 1001cc to 1300cc engine capacity. $15,400 from 1301cc to 1500cc engine capacity. Duty and taxes of $18,700 from 1501cc to 1600cc engine capacity. Duty and taxes of $23,100 from 1601cc to 1800cc engine capacity, however, the specified rate would not be applicable on the import of jeeps. A senior customs official explained that earlier up to 800cc vehicles of Asian makes were assessed at $4,400 per vehicle, however, now onwards, cars and other vehicles from 801cc engine capacity to 1800cc engine capacity of Asian makes would also be assessed at the rates notified in the SRO issued here on Friday. "
According to this SRO if i import a car which is 660 CC i have to give $4,400 means 374000 PKR (OMG)I have to pay such amount for duties ? any one can plz kindly explain is it the case