SRO 932(I)/2004

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) ***** Islamabad the 20th November, 2004 NOTIFICATION (CUSTOMS) S.R.O. 932(I)/2004-: In exercise of powers conferred by section 19 of the Customs Act 1969 (IV of 1969), clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, section 148 and 53 read with Second Schedule of the Income Tax Ordinance, 2001 (XLIX of 2001) and sub-section (10) of section 7 of the Finance Act, 1989, the Federal Government is pleased to exempt old and used automotive vehicles specified in column (2) of the Table below, falling under PCT headling 87.03 of the First Schedule to the Customs Act, 1969 (IV of 1969), on the imports from so much of the customs-duty, sales tax, withholding tax and CVT as are in excess of the cumulative amount specified in column (3) thereof.. TABLE S. No. | Vehicle meant for Transport of person | Duty and taxes in US$ Or equivalent amount In Pak rupees. (1) | (2) | (3) 1 | Upto 800cc | US$ 4000 2 | From 801cc to 1000cc | US$ 5000 3 | From 1001cc to 1300cc | US$ 10000 4 | From 1301cc to 1600cc | US$ 18000 5 | From 1601cc to 1800cc | US$ 22000 2. Depreciation in the duties and taxes @ 1% per month in payable amount as per Cumulative scales mentioned above shall be allowed subject to the maximum of 50% as per Customs General Order No. 10 of 2004 dated 31st August, 2004. 3. This notification shall be deemed to have taken effect from the 09th July, 2004. [C.No.2(10)Tar,II/97.Pt.II] (MUHAMMAD RAMZAN) ADDITIONAL SECRETARY