Heading: SUVS/EVS: FBR CHAIRMAN BRIEFS SENATE BODY ON CHARGEABILITY OF FED - 2024-12-12
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Wednesday informed that Ministry of Law would clarify whether, imported SUVs, or Sports Utility Vehicles under the category of Electric vehicles (EVs) and hybrid electric vehicles (HEVs) are chargeable to 30 percent federal excise duty (FED). The FBR chairman here on Wednesday briefed Senate Standing Committee on Finance & Revenue on the issue of chargeability of Federal Excise Duty on SUVs/EVs. In terms of S No 55C of Table-1 of the First Schedule to the Federal Excise Act, 2005, imported double cabin (4x4) pick up vehicles are chargeable to FED @ 30% ad val. The description of goods as mentioned in the said provision of law includes all types of double cabin (4x4) pick up vehicles irrespective of their nature and capacity of engine, the FBR chairman said. The Senate Standing…
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