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Tax Revision


The excise duty levied on vehicles engine capacity less than 1000cc had been revised from today, the Finance Ministry said.

2018-08-01


The excise duty levied on vehicles engine capacity less than 1000cc had been revised from today, the Finance Ministry said.

Accordingly, Import Duty on vehicles less than 1000cc had been increased up to Rs. 1.5 million and hybrid and electric vehicles less than 1000cc up to Rs.1.25 mn.

However, these tax amendments would not affect the letters of credit (LC) opened before August 1, 2018, and these new taxes are not applicable for vehicles cleared before 31st January 2019.