LAHORE: Collectorate of Customs Appraisement Collector Jamil Nasir Khan has said that there is no exemption of duties and taxes on gifts above Rs20,000/-.
Talking with Customs Today, Collector Jamil Nasir said that gifts which are less amount of Rs20000 are entitled to get excemption. He said that there are reports that all those vehicles which were imported on gift scheme will be entitled to get exemption. He said that “CC” category applied on all these vehicles which were imported through gift scheme.
Collector Jamil Nasir Khan most of the importers prefer to clear their vehicles through Port Mohammad Bin Qasim Karachi. He said that Collectorate of Appraisement is taking every possible measure to facilitate the business community of our country. He said that Collectorate is adopted comprehensive strategy to achieve revenue collection target assigned by Federal Board of Revenue for current Fiscal Year 2017-18.
