FBR Reduce 50% Customs Duty on Car Assembly Parts
The Federal Board of Revenue (FBR) will charge a reduced rate of 15 percent customs duty on the import of components for the assembly/manufacture of new motor cars including station wagons and racing cars. The FBR issued SRO.02(I)/2022 to amend the SRO.656(I)/2006 here on Monday. As per an amendment notification issued by the revenue division, …
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