Morpheus
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FBR Abolishes Additional Customs Duty on Import of Electric 2-3 Wheelers
Posted 9 mins ago by Jehangir Nasir
The Federal Board of Revenue (FBR) has abolished additional customs duty on the import of electric vehicles 2-3 wheelers Completely Built Unit (CBU) condition; electric auto rickshaw, electric motorcycle, and 3-wheeler electric-loader up to June 30, 2025.
In this regard, the FBR has issued a notification here on Wednesday to amend S.R.O. 572(I)2020.
Under the notification, additional customs duty would not be applicable on the import till June 30, 2025, of electric vehicles 2-3 wheelers (CBU) falling under Pakistan Customs Tariff (PCT) codes 8703.8030 (electric auto rickshaw), 8711.6040 (electric motorcycle), and 8711.6060 (3-wheeler electric-loader).
The EV policy for two-wheel and three-wheel electric vehicles had already been approved by the ECC. The waiver of additional customs duty and value-added tax on imports of EV (2-3 wheelers and HCVs) in CBU condition was proposed till 30th June 2025.
EV technology is at a formative stage and comparatively expensive viz-a-viz traditional fuel vehicles. Governments throughout the world are trying to make this technology affordable through different financial and fiscal incentives including the disbursement of direct financial subsidy.
propakistani.pk
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Posted 9 mins ago by Jehangir Nasir
The Federal Board of Revenue (FBR) has abolished additional customs duty on the import of electric vehicles 2-3 wheelers Completely Built Unit (CBU) condition; electric auto rickshaw, electric motorcycle, and 3-wheeler electric-loader up to June 30, 2025.
In this regard, the FBR has issued a notification here on Wednesday to amend S.R.O. 572(I)2020.
Under the notification, additional customs duty would not be applicable on the import till June 30, 2025, of electric vehicles 2-3 wheelers (CBU) falling under Pakistan Customs Tariff (PCT) codes 8703.8030 (electric auto rickshaw), 8711.6040 (electric motorcycle), and 8711.6060 (3-wheeler electric-loader).
The EV policy for two-wheel and three-wheel electric vehicles had already been approved by the ECC. The waiver of additional customs duty and value-added tax on imports of EV (2-3 wheelers and HCVs) in CBU condition was proposed till 30th June 2025.
EV technology is at a formative stage and comparatively expensive viz-a-viz traditional fuel vehicles. Governments throughout the world are trying to make this technology affordable through different financial and fiscal incentives including the disbursement of direct financial subsidy.
FBR Abolishes Additional Customs Duty on Import of Electric 2-3 Wheelers
The Federal Board of Revenue (FBR) has abolished additional customs duty on the import of electric vehicles 2-3 wheelers Completely
propakistani.pk
