Duty on ford mustang shelby gt 5.4l dohc

[yasser7610]

What would the duty on ford mustang shelby gt 5.4L and ford mustang 4.0L be ? keeping in mind importing the cars from UAE.

[yasser7610]

and yea the cars would be more than 2 years old

[yasser7610]

also could you determine the duty on Ford Mustang 4.0L and Ford Mustang 4.6L

[whatcarman]

I have spoken to few guys but none had any idea of duties on ford mustang, so I am going to calculate it in my own way keeping in mind the price etc.

Ok here are prices for brand new ford mustang in USA.

4.0 $20,000
4.6 $27,200
GT Shelby 5.4 $50,000

Lets take the price of GT, which is $50,000, add $5,000 in shipping and another $1,000 in miscellaneous (insurance etc).

So the GT will have a price tag of $57,000 at Karachi as brand new. Duties would be like this

$57,000 x 75%=$42,750 (customs duty)

$57,000 + $ 42,750= $99,750 x 15%=$14,962.25 (sales tax)

$99,750 + $14,926=$114,712.25 x 6%=$6,882.73 (income tax)

$114,712.25 + $6,882.73=$121,594.98 x 7.5%= $9,119.62 (CVT)

So total duties are
$ 42,750+14,962.25+6,882.73+9,119.62
=$73,714.60

Now convert $ with rupees ($1=Rs60)
73,714.60 x 60= Rs 4,422,876

So duty on a brand new Mustang GT Shelby would be around Rs 4,422,876, add another Rs 100,000 in other charges.

And if you bring a two or more than two years old GT Shelby (under 5 years old) duty would be half of above-mentioned amount.

By using this formula you can calculate duty of all other cars.

PS: I have taken the vehicle prices from a US website and since US is manufacturer of ford mustang, its price would be taken from there.

[yasser7610]

thanks alot whatcarman,
truely appreciated!

[AkbarGr8]

whatcarman, isnt duty calculated on ITP basis (dont know if i have used the correct abbreviation) i.e certain percentage of total cars value for vehicles above 2000CC.

[whatcarman]

@AkbarGr8

Yes you used right word. ITP stands for Import Trade Price, and this is the price any importer pays for a brand new car when importing into the country. There is slight difference between retail price and ITP of the vehicles from some developed countries due to the reason of low local taxes. For example Sales Tax could be deducted from retail price but it does not make huge difference.

When calculating duties, rough formula is to see the retail price of that vehicle in country of manufacture and then add almost 105% amount as duties, which covers GST, Income Tax and CVT.

[mum65]

@whatcarman awesome yaara....apne to kafi topics ka jawab ek hi mein de dia. good info yaar.....if really the mustang cost Rs.45lac or no matter Rs.50lac in pak then yaar i would say that its cool must bring one but anyways nice info yaar.

[yasser7610]

ok 22lac is the duty on shelby now lets come down to just the plain 4.0L mustang

The used price in dubai of mustang 4.0L is 9lac rs

105% of the used price of mustang is Rs.945,000

9,00,000 + 9,45,000=18,45,000

so the mustang would cost around 18 - 20 lac rupees?

is that right "whatcarman"?

[whatcarman]

@mum65....you are welcome, thanx for comments.

@yasser7610
Price has to be taken from country of manufacturer as I stated earlier on. Dubai price is not cosidered in any case. Simple Mustang is $20,000 brand new in USA, so calculate according to the given formula.

Also see if LHD cars have any market im Pakistan? No resale value, parts and servicing another problem. If I can find a RHD I can import it straightway, and will think about duty later on. Anyhow the formula I stated before is used to calculate duties.

[yasser7610]

unfortunately just like the some other amazing cars such as the hummer , escalade the mustang isnt manufactured RHD, there is this company in uk who convert LHD hummers to RHD hummers not sure if they do it with mustangs or escalades aswell

[whatcarman]

Yes ford donot manufacture RHD and that UK company convert it to RHD. It costs $5,000 over the normal price but still I don't think its bad as long as there is no fault in conversion.

[yasser7610]

5000USD is great for a conversion, but i dont know i wouldnt go for the conversion it sumthing my heart doesnt go along with, the cars gonna be wrecked after a conversion man, "KARACK" jahey ghee, or maybe its those classic mercs people have ruined in pakistan by converting LHD to RHD then from patrol to diesel, than from diesel back to patrol and on CNG all those nasty images pop into my head when think about conversion from LHD to RHD, whats your take on it? there was this hummer a guy was selling in lahore it was converted from LHD to RHD didnt really like it even though it was converted from UK not locally

[pwuser153295384773]

Hello,
Any one here to guide me the duties for mustang 2018 ecoboost 2.3L worth 30000$ From UK.