ADDITIONAL CUSTOMS DUTY
AUTO PARTS FOR ASSEMBLY OPERATIONS RE-NOTIFIED
SRO 1930(I)/2022 DATED 18-10-2022
FBR has partially revised the list of automotive components and sub-components used in the assembly of vehicles, i.e., agricultural tractors, road tractors, buses etc., originally notified under SRO 693(I)/2006 dated 01-07-2006. These changes have been introduced to harmonize the list of the automotive components and sub-components with the HS 2022-based First Schedule to the Customs Act, 1969.
FBR has amended the previously promulgated SRO 693(I)/2006 dated 01-07-2006, the legal framework for the levy of Additional Customs Duty on imports of automotive components and sub-components used for the assembly of vehicles in the country. The main purpose underlying the amending Notification No. SRO 1930(I)/2022 dated 18-10-2022 is to substitute the product description of automotive components and sub-components as has been adopted with the re-modelling of the First Schedule (Customs Tariff) to the Customs Act, 1969, on the basis of the 2022 version of the Harmonized System.
Most of the amendments have been made in the Appendix II of SRO 693(I)/2006 dated 01-07-2006, whereby product descriptions in 30 tariff lines have been revised. Appendix-I has undergone changes to the extent of four tariff lines only.