KARACHI: The Federal Board of Revenue (FBR) collected Rs97.1 billion as customs duty imposed on import of vehicles during the fiscal year 2017-18.
The imports of luxury vehicles have been remained unabated as customs duty collection surged by 24 percent.
According to annual revenue collection report, the customs duty collected on import of vehicles increased to Rs97.1 billion during fiscal year 2017-18 as compared with Rs78.31 billion in the preceding fiscal year. It is interesting to note here that the government imposed various restrictions in order to reduce import bill through imposition of regulatory duty, cash margin restriction and requirement of health certificates.
