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Five-year used vehicles: TPB okays commercial import with 40pc extra duty
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Five-year used vehicles: TPB okays commercial import with 40pc extra duty
ISLAMABAD: The Tariff Policy Board (TPB) headed by Minister for Commerce, Jam Kamal Khan has formally approved commercial import of five-year old used vehicles with 40 percent additional duty despite strong opposition by the local industry which claims that the used car business is also under FATF radar for monitoring and mitigating risks of Money Laundering (ML) and Anti-Terrorism Financing (ATF), well informed sources in Commerce Ministry told…
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