Islamabad, the 12th June, 2004.
NOTIFICATION
(CUSTOMS)
S.R.O. 447(I)/2004.-
In exercise of the powers conferred
by section 19 of the Customs Act,
1969 (IV of 1969), and clause
(a) of sub-section (2) of section
13 of the Sales Tax Act, 1990
and in supersession of its Notification
Nos. S.R.O. 506(I)/88 dated the
26th June, 1988 and
S.R.O. 403(I)/96 dated the 13th
June, 1996, the Federal Government
is pleased to exempt vehicles,
including motor car, falling under
respective headings of Chapter
87 of the First Schedule to the
Customs Act, 1969 (IV of 1969),
imported into Pakistan free of
customs- duty and sales tax by
diplomatic representatives or
mission of a foreign government
in Pakistan or privileged person,
organization, office, agency and
subsequently sold or otherwise
disposed off in the country to
a person entitled to import the
same without payment of customs
duty and sales tax under this
notification, from so much of
customs-duty as is in excess of
that leviable as set out below,
subject to the following conditions,
namely:-
2[“(a) no such motor vehicle shall be sold, transferred
or otherwise disposed of in Pakistan
except with the prior permission
of the Central Board of Revenue,
except for vehicles imported under
diplomatic privileges for which
Ministry of Foreign Affairs
issues the sale permission with
a copy of sale permission of
each vehicle provided to the Central
Board of Revenue;
(b) no such motor vehicle except for vehicles imported
under diplomatic privileges shall
be sold or otherwise disposed
of in Pakistan before the expiration
of five years from the date of
its importation, without payment
of customs-duty and other taxes
at the following rates namely:
| (i) |
if sold or otherwise disposed
of before the expiration of
five years from the date of
importation; |
whole of the customs-duty and
other taxes leviable at the
prevailing rates of exchange
and duties/taxes on value
determined in foreign currency
at the time of importation. |
| (ii) |
if sold or otherwise disposed of
after the expiration of five
years from the date of importation; |
75% of the customs-duty and other
taxes leviable at the prevailing
rates of exchange and duties/taxes
on value determined in |
| |
and |
foreign currency at the time of importation. |
| (iii) |
if sold or otherwise disposed of after the expiration
of ten years from the date
of importation; |
25% of the customs-duty and other taxes leviable
at the prevailing rates of
exchange and duties/taxes
on value determined in foreign
currency at the time of importation; |
| (c) |
(i) |
if vehicle imported under diplomatic privileges and sold
after three years from the
date of importation but
before the 31st
March, 2005; and
|
45% of duty and taxes shall be leviable at the prevailing
rates of exchange of currency
and duties/taxes on the
value determined in foreign
currency at the time of
importation. |
| |
(ii) |
if vehicle imported under diplomatic privileges and sold
after ten years from the
date of importation but
before the 31st
March, 2005. |
25% of duty and taxes shall be
leviable at the prevailing rates of exchange of currency
and duties/taxes on the
value determined in foreign
currency at the time of
importation.” |
“(d) for vehicles imported under diplomatic privileges
and sold after 1st
April, 2005, Ministry of Foreign
Affairs will issue authorisation
for local sale on payment of taxes
as per the following Schedule
depending upon the category of
country of origin of the diplomat
based on reciprocity as determined
by the Ministry of Foreign Affairs
and approved by the Foreign Secretary
with copy of each to the Central
Board of Revenue;
SCHEDULE |
(1) |
(2) |
Category-I:
|
|
(i) if sold
or otherwise disposed
of before the expiration
of five years from the
date of importation;
and |
100% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties/taxes
on value determined
in foreign currency
at the time of importation.
|
(ii) if sold
or otherwise disposed
of after the expiration
of five years from the
ate of importation; |
50% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties/taxes
on value determined
in foreign currency
at the time of importation.
|
Category-II:
(i)
if sold or otherwise
disposed of after the
expiration of three
years from the date
of importation; |
45% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties/taxes
on value determined
in foreign currency
at the time of importation.
|
(ii) if sold
or otherwise disposed
of after the expiration
of five years from the
date of importation;
and |
35% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties/taxes
on value determined
in foreign currency
at the time of importation.
|
(iii) if sold
or otherwise disposed
of after the expiration
of ten years from the
date of importation.
|
25% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties/taxes
on currency at the time
of importation. |
Category-III:
(i)
if sold or otherwise
disposed of before the
expiration of three
years from the date
of importation; and
|
100% of duty
and taxes shall be leviable
at the prevailing rates
of exchange and duties
/taxes on value determined
in foreign currency
at the time of importation.
|
| (ii)
if sold or otherwise
disposed of after the
expiration of three
years from the date
of importation. |
No duty and
taxes shall be leviable.] |
[C.No. 3(9)-Tar-II/84.Pt.]
( MUHAMMAD RAMZAN
)
Additional Secretary
As
amended
1. Earlier the then clause
(c) was amended vide S.R.O.553(I)/2004,
dated 30.06.2004. On 1.1.2005
entire clause was substituted.
2.
Substituted vide S.R.O.1(I)/2005
, - dated
01.01.2005
