on CBU, the importer paid the 17% sales tax at the time of clearing the vehicle. Basically the 123.77% duty already have that 17% sales tax.
declared value $11632.
123.77% duty = $14394 [ 17% = $2447= PKR 384,277/ -, has be taken by the FBR as sales tax. ]
$11632+$14394 = $ 26026 = PKR 4,087,130/-
Freight, port handling charges.. altogether are around 300,000 per vehicle on average .
4,087,130/- 300,000 = PKR 4,387,130 /- [ approximately ].
Obviously they need to add dealer commission and other overheads so,
Sticker price of HS = 4,657,265/ - for buyer.
The invoice gets a 17% sales tax on sticker price = $ 791,735. [ this is what JE SEZ keeps as margin , because sales tax is already paid at import . Obviously subtract the 384,277 from 791,735 = PKR 407458/- , ]
Please correct me if I am wrong.