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japanese used cars import |customs duty rates in pakistan

 
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Zawar Motors - japanese used cars import |customs duty rates in pakistan

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Zawar Motors
  • 11 days ago
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japanese used cars import |customs duty rates in pakistan
First, you need to understand the C&F (cost and freight) if you are buying a car through an online auction. Here’s the C&F for single unit buyers according to the winning auction price of the car.

1

Let’s assume that the winning auction price of a 2012 model 660cc car was 650,000 JPY. So according to the table above, the C&F, in this case, would be 110,000 JPY. After clearing this bill, your car is delivered to Karachi Port where the custom duty calculations start. So here are the custom duties calculations according to the import duty structure for the fiscal year 2015-16:

2

Let’s have a look at the custom duties for hybrid vehicles as well:

3

Please note that the customs duties mentioned here are subject to change due to variation in exchange rates. Furthermore, import duties do not include ‘Other Expenses’ like Challans, THC/DO/Shipping, Wharfage, Excise, documentation, port rent and illegal add-ons like bribery. Other expenses are usually calculated around 50,000-60,000 PKR.

For a single unit 2012 model 660cc vehicle, the customs agent would usually charge around Rs. 12,000 – 18,000 fee.

So let’s calculate an estimated cost price for importing a 660cc car yourself. (Assuming 1 JPY= 1 PKR).

650,000 (Assumed Winning Auction Price)+
110,000 (C&F)+
341,403 (Import Duty for 2012 model 660cc)+
50,000 (Other expenses like Challan, THC/DO/Shipping, Wharfage, excise, documentation)+
15,000 (Approx. custom agent fee)+
10,000 (Approx. Passport fee)+
15,000 (Optional Transportation charges if you want to transport your car from Karachi to some other city)

All of the number equal to PKR 1,191,403/-

Note: The above calculations do not include port rent charges. As mentioned in my previous articles, port rent charges are applicable when the car has not been cleared out within the given time (Generally 15 days). Moreover, the above-calculated cost does not include illegal expenses like bribery.
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