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The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
In the budget 2018–2019, the government had given exemptions of 16% customs duty on charging stations of electric vehicles, reduction of customs duty from 50% to 25% and an exemption of 15% regulatory duty (RD) on electric vehicles. The government had also reduced customs duty on kits of electric vehicles from 50% to 10%. [20]
Trade Dispute Resolution Organization (TDRO) is an attached department of the Ministry of Commerce in Pakistan. It was established as a platform to prevent the harmful effects of unresolved international trade disputes and the imbalance between strong and weak players can be reduced by settling their conflicts on the basis of rules.
Under federal vehicle import laws, cars that are at least 25 years old can be brought into the U.S. even if they don't pass all Federal Motor Vehicle Safety Standards (you still need to be ...
In Japan, although the laws against grey import products were strict, and domestic car makers and authorized dealers have to conform the vehicle dimension standards and other various regulations differing from Europe and United States, the laws against grey-imported vehicles are very lax due to absence of import tariffs, and there are some grey ...
It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s ...
US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch. December 12, 2023 at 4:55 PM. WASHINGTON (Reuters) - Auto dealers will be barred from luring vehicle buyers with promises ...
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.