FBR Announces A New Tax System for Imported Car Parts

The platform will come into effect from the next month that will help increase billions. By rendering modifications in the system FBR led its Assessment Directorate to change for clearance of imported components to method.

PAAPAM agents held a meeting lamenting the losses incurred to the exchequer as a result of present system Before this month.

The Federal Board of Revenue (FBR) has determined to eliminate the method of blocking inbound automotive components on weight basis. In the forthcoming days, custom duties and other taxes on the components that are imported will be levied on a unit basis.

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