So now less costly Imports are expected, depreciation benefits almost doubled.
savings are like thisup to 800 cc=440$800-1000cc=550$1001=1300cc=1100$1301-1500cc=1540$
they should decrease the taxes even more to bring the price down.
^maybe tax should be in installments spread over 20 years:)
Govt should allow import of cars manufactured before 1995. This would secure local industry as no one who wants to or can afford new cars will go for 15 year old cars and those who dont have the means to get expensive 1m+ cars can opt for these imported old cars.
For people like us, we can import supras, skylines, rx7s
would you please explain how depreciation is calculated?is it calculated on the price in which the car is bought in foreign? or there is some other value?If you can explain it completely.
^^It's applied on a monthly basis up to a maximum of 60% which equals 30 months. So basically the duty can get slashed by 60% if the car is 30 months old.
How?I mean what is the original duty for a 1301cc-1500cc car and what is it after depreciation?
Well according to another thread on PW it's $15'400. So assuming you import a 3 year old car = 36 months. Max depreciation allowed =60%.
So 60% of $15400 = $9240.
That means under the new rules the duty would be ($15400-$9240) = $6160.
Good shot.
https://www.pakwheels.com/forums/automobile-news/161890-great-news-car-importers-pakistan-fbr-enhances-depreciation-duty-60-a
Does this apply to bikes also or only cars?
you need circuit tracks too. those are useless.
ive said a dozen times on forums,, concentrate on circuit tracks, this sport is no good without anywhere legal to enjoy it.
a drag strip is just top and back to zero. circuit track is continous