interesting discussion.
though some of the folks have good input on how to calculate the duties, its still a bit uncomprehending for the novices, like me. (i tried to check the documents mentioned in the first thread, the one marked sticky, but didn't manage to find them on the mentioned link!)
so, i thought about importing a January 2013 registered 1500 cc sedan for my parents via gift scheme. i am an expatriate Pakistani, out of home country since last 8 years. i don`t know yet who from home will help is taking care of the documentation if i think about importing it myself!! maybe my brother or father.
if i try to browse web for help, i reckon the best is this:
Federal Board of Revenue (FBR), Government of Pakistan[Documents]
i found this document on the link above:
http://download1.fbr.gov.pk/Docs/20114191244029273Importofvehicles2010.pdf
first of all, is it a valid document?
if it is, page 9 of 14 and page 10 of 14 has an excellent example for calculation of all sorts of duties.
while reading through this thread, i realized that some of you are not considering all mentioned duties and taxes rather limiting to a few of them.
having said this, my questions from those who are really sure about their reply is:
which sort of duties, and to which extent or percentage, are valid for a person who intend to import a car himself from a dealer in Japan? shall i consider 75% customs, 17 % excise, 5% income, 1% special tax to get this animal out of the port or else? (this is with reference to what i read in the document on the link above, at the above mentioned page numbers)
to get some further help, if i, lets say, import a car costing PKR 10,00,000, which is 20 month old registered, would the depreciated cost be 20% less of PKR 10,00,000, i.e. PKR 800,000?
and the last bit to make sure i am on track while performing a calculation: do i need to consider 75% customs duty, which implies an additional PKR 600,000 to get this car out of customs hands?
what is the threshold age for importing a car? 3 or 5 years from date of first registration?
thanks for replies in advance.