How to calculate duty for bringing Toyota corolla to Pakistan 1600cc petrol engine

2 ANSWERS

1. Guest6967
   

   Today is your lucky day:
   
   Freight (as fixed vide CGO 4/93), insurance @ 1% of FOB value and landing cost @ 1% are added to arrive at the final assessable value. On this value, Rate of Custom Duty (as provided in Tariff) which depends on factors like engine capacity, engine type, seating capacity etc is applied to obtain payable Customs Duty.
   
   The Customs duty so determined is added to the ascertained value and on this enhanced value (customs duty paid value), Sales tax rate is applied to obtain leviable sales tax. The sales tax so determined is added to the customs duty paid value to obtain value for levy of advanced income tax @ 6%.
   
   The Capital Wealth Tax is collected on ascertained value inclusive of custom duty, sales tax and income tax, on the rates as provided under circular No.4 of 1998 issued by the Central Board of Revenue. A list of duty, taxes calculated on the basis of existing duty rates, value and exchange rates is attached as (Annex- ).
   
   You may consult the list for reference purpose. But duty and taxes may vary as fluctuations in exchange rates or tariff rates may enhance or lessen the duty and taxes. As per customs tariff 2000-2001, the customs duty for a motor car of 1600cc is 150%, sales tax 15%, income tax 6% and capital value tax is 6.25%.
   The duty and other taxes for Toyota Corolla car 1600cc come to Rs.11,67,607.00 if imported under Transfer of Residence Scheme. The statement at (Annex- ) shows the duty and other taxes for various types of vehicles for reference purpose.

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2. Guest5631
   

   i want to send a car in karachi pakistan from dammam saudi arabia

   Report (3) (1)  |   12 years, 10 month(s) ago