The FBR has also announced 50 percent exemption in leviable duties and taxes on the import of Hybrid Electric Vehicles (HEVs) up to 1800cc. The FBR has amended S.R.O. 499(I)/2013, dated the 12th June, 2013 through an SRO567(I)/2014 issued here on Thursday. Under the notification, exemption of customs duty, sales tax and withholding tax is available on the import of Hybrid Electric Vehicles. Through SRO567(I)/2014, the extent of exemption in applicable duty and taxes is 25 percent on the import of HEVs exceeding 1800cc.
If this is true, then great news. Will this apply to reconditioned imports also?
SRO 567(I)/2014: Govt exempts 50pc duty, taxes on import of Hybrid Electric Vehicles | Customs Today