IGI Securities Limited – Investor Kit
Karachi, January 10, 2018 (PPI-OT): Top News
Customs clearance of new and old cars has halted after the Ministry of Commerce amended the Import Policy Order 2016, and made it mandatory to pay duty and taxes through foreign exchange, sources said on Tuesday. The Ministry of Commerce on December 4, 2017 issued a statutory regulatory order (SRO) and amended the policy regarding the import of new and used cars/vehicles under transfer of residence scheme, making it mandatory to pay duty and taxes in foreign exchange. https://www.thenews.com.pk/print/266512-customs-clearance-of-cars-halts-over-bank-certificate-requirement