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Imported cars, mobile phones become expensive as duties on luxury items increased

August 23, 2022

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Imported cars, mobile phones become expensive as duties on luxury items increased

Web DeskbyWeb Desk
August 23, 2022
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ISLAMABAD, August 23: The government has imposed further duties on imported mobile phones, home appliances, and automobiles, after lifting the ban on luxury imported items.
To control imports of non-essential items and the outflow of foreign exchange, the government has imposed additional duties ranging from 10 to 100% on the import of several premium goods.
According to the Ministry of Commerce, additional regulatory duty has been approved on imported musical instruments, furniture, clothes, shoes, meat, fish, fruits, and vegetables. Imported cars will now be charged with 10 to 100% regulatory and 7 to 28% additional customs duty.
The importers will now have to pay 100% additional duty on all new and old vehicles up to 1000cc category. For over 1000cc category, will now be charged 170% duty on import. The federal government cabinet has imposed these new duties through a circular and these will be applicable for the next six months. -DNA

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