Pakistan’s renowned cleric Mufti Abdul Qavi’s bad fortune turned his Eid into a dreadful day when Custom Intelligence confiscated his non-custom Jaguar from Islamabad’s D-12 sector.
As per sources, Custom Intelligence impounded his ‘jaguar’ while he was refueling the car at the petrol pump. The authority seized the car under an intelligence-based operation after the cleric couldn’t produce the necessary documents before the Custom Intelligence staff.
It bears mention that in the last few months, there has been a swift in Custom operations against non-custom paid cars. Sources have also informed that the authority has also seized a high-priced Bentley from the country’s capital.
Coming to the reversal of regulatory duty on imported cars, a couple of days ago, we told you that Federal Board of Revenue (FBR) has not extended the SRO after March 31, 2023. It is essential to mention that the government imposed 100% RD on these cars in August 2022 under SRO1571(I)/2022. As per the SRO, the RD was imposed till February 2023, but the government pushed the deadline to March 31, 2023.
After the end of the deadline, the RD has gone back to the rate before August 22, but as usual it caused confusion among the people as so-called market experts started saying that the RD has been removed totally from all cars and the rates will be down significantly. But is is not true.
The Truth
If you look at the old SRO of FBR, you will come to know that there was no RD on cars upto 1800cc, while there was 70% on cars above 1800cc. It means that there will be 0% RD on cars up to 1800cc, but there is still 70% on cars above 1800cc.
What do you think about the confiscation of a expensive car from the cleric? Tell us in the comments section.
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