ISLAMABAD: Ministry of Commerce has announced procedure for payment of duty and taxes under import of cars under various schemes.
The Commerce Division announced the following mechanism devised by State Bank of Pakistan (SBP) for payment of duties/taxes on import of vehicles under personal baggage, transfer of residence and gift schemes.
- In case of import of vehicles under personal baggage, transfer of residence or gift schemes, the remittance for payment of duties and taxes should originate from the account of Pakistani national sending the vehicle from abroad.
- The remittance should either be received in the account of the Pakistani national sending the vehicle from abroad or in case his account is non existent/inoperative, in the account of his family member as defined in Appendix-E, Para 1 of import policy order.
