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SUNDAY, MAY 11, 2025
Tariff reduced on microbus imports

Wheels

TBS Report
02 September, 2021, 09:15 pm
Last modified: 02 September, 2021, 09:18 pm

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Tariff reduced on microbus imports

NBR issued a circular in this regard on Thursday

TBS Report
02 September, 2021, 09:15 pm
Last modified: 02 September, 2021, 09:18 pm
Tariff reduced on microbus imports

The government has reduced tariff by 10% on 10-15 seater microbus imports, to encourage the use of safe public transport and prevent accidents.

The National Board of Revenue (NBR) issued a circular in this regard on Thursday.

According to the circular, the supplementary duty on the import of microbuses with no more than 15 seats has been reduced to 20% from 30%. Also, the cars now have to be brought under the 8702.90.40 HS code.

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The reduction comes following continuous demand to this end from car importers.

The government had only reduced the supplementary duty (SD) for seven to nine-seater microbuses in its announced budget for the fiscal year 2021-2022 fiscal year. 

Also, SD on hybrid microbuses, 1801cc to 2000cc, was reduced from 45% to 30%, and SD on hybrid microbuses from 2001cc and above was reduced from 60% to 45%.

Economy / Top News / Transport

microbus / tariff / Import

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