KARACHI: Model Customs Collectrate Appraisement East has recommended certain changes in customs rules and several SROs in their proposals for the Federal Budget 2017-18.
Sources told Customs Today that the federal government levied Regulatory Duty (RD) at 50 percent on new vehicles of above 1800cc engine capacity (excluding Hybrid Electric Vehicles) vide amending SRO 1190(I)/2015 whereas the old and used vehicles of same engine capacity are subject to levy of RD of 60 percent.
Sources told that keeping in view the increasing trend of import of new vehicles it is proposed that the rate of regulatory duty on new vehicles may be brought at par with the existing rate of 60 percent applicable on old and used vehicles.
Sources told that will not only eliminate the disparity but also yield additional revenue for the national exchequer. Samples are not being drawn in DTRE and GDs are being processed through Green Channel and Yellow Channel.
It is proposed samples of imported input goods and output goods meant for export shall be drawn at the time of import and export, respectively in the presence of assistant collector or deputy collector, in charge of concerned Customs Station, which shall be signed by such assistant collector or deputy collector and DTRE approval number and date shall be endorsed thereon.
