KARACHI: Federal Board of Revenue (FBR) issued guide for Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes. These three schemes are included, personal baggage; gift scheme; and transfer of residence.
However, cars not older than 03 years and other vehicles not older than 05 years can be imported under these schemes.
The age of the vehicle shall be determined from the January 01 of the year subsequent to the year of manufacture till the date of shipment as per bill of lading.
The FBR said that minimum stay abroad for import as personal baggage shall be 180 days within the last seven months preceding the date of application.
It further said that minimum stay abroad requirement for gifting a vehicle or importing under transfer of residence shall be at least 700 days during the past three years. The FBR said that a vehicle may be gifted only to a family member normally resident in Pakistan.
In case of cars with engine capacity of 1800CC and above 4X4 vehicle in new condition to be imported either under personal baggage or under gift scheme, the duty and taxes will be paid out of foreign exchange arranged by Pakistani national themselves or local recipient supported by bank enchashment certificate showing conversion of foreign remittance to local currency. The structure of duty and taxes under these 03 schemes remains the same. Motorcycles and Scooters can only be imported under Transfer of Residence Scheme.
Students receiving remittance from Pakistan, non-earning members of the Pakistani nationals living abroad and those who have imported, gifted or received a vehicle in past two years are not eligible.
The import of cars and other vehicles can be imported as outlines the conditions laid down under Import Policy Order and the structure of the duty and taxes.
New vehicles can be imported into Pakistan freely by any one against payment of duty & taxes under generally applicable import procedures and requirements.
