KARACHI: In the wake of ECC decision to grant one-time waiver, the Pakistan Customs will start process of clearance of stuck-up used imported vehicles at ports once it receive the Finance Ministry notification.
“Customs will start collecting duty taxes and surcharge on these stuck-up vehicles after it receive the ministry’s notification allowing the clearance,” confirmed Deputy/Assistant Collector, Model Customs Collectorate Appraisement (West) Usman Tariq while talking to Customs Today at his office.
He elaborated that under Import Policy-2013, the surcharge including Customs Duty to be paid on imported vehicles which were old than three years and eight months (3years and 8months). He said that the importers could get released their vehicles after paying CD and surcharge for clearance.
It is worth mentioning here that the Economic Coordination Committee (ECC) in its recent meeting has approved one-time waiver for clearance of used vehicles stuck-up at Karachi Port.
Around 2,000 used imported vehicles (manufactured in the year 2009) have stuck-up at ports since November, 2013 due to the imposition of SRO 577, issued by Federal Commerce Ministry.
It is pertinent to mention here that the importers have already paid millions of rupees in demurrage charges on stuck-up used vehicles while the Customs Duty on import of used vehicles has decreased by Rs35 billion to Rs10 billion in recent years.