ANNOUNCEMENT 16 Dec 2011In December 2011, the government of Pakistan announced a change in import duties.
NUMBER OF INTERVENTIONS
On 16 December 2011, Pakistan issued notification SRO 1098(I)/2011 providing for exemption from additional customs duties imposed on components imported as any part of kit form for the assembly or manufacture of notified vehicles, including tractors, buses, rickshaws etc.
The exempiton is provided conditional on progressive indigenization of these components by the importing companies and on other conditions specified by the notifications of concerned ministries.
The exemption is available to an assembler or manufacturer declared tobe a new entrant by the Engineering Development Board (EDB) of Pakistanand is available for 3 years from the start of such assembly ormanufacture.