Tuesday, April 23, 2024

FBR Stops Additional Customs Duty on Import of 2-3 Electric Wheelers

Additional customs duty on imports of electric vehicles has been abolished by the Federal Board of Revenue (FBR) on 2-3 wheelers Completely Built Unit (CBU) condition; electric auto rickshaw, electric motorcycle and 3-wheeler electric-loader up to 30 June, 2025.

In this regard, the FBR on Wednesday, released a notice amending S.R.O. 572(I)2020.

Under the notification, the additional customs duty on imports of electric vehicles 2-3 wheelers (CBU) coming under Pakistan Customs Tariff (PCT) codes 8703.8030 (electric car rickshaw), 8711.6040 (electric motorcycle) and 8711.6060 (3-wheeler electric load) will not be applicable until 30 June, 2025.

The ECC has already approved the EV policy for two-wheel and three-wheel electric vehicles. Until 30th June 2025, it was proposed to waive the additional customs duty and value-added tax on imports of EV (2-3 wheelers and HCVs) under CBU status.

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