Duty reduced for Motorcycle industry – Alfalah Securities Limited

Karachi, October 24, 2012 (PPI-OT): ECC has reduced the duty in range of 10 – 17.5% for different categories of components/kits used by motorcycle industry.

According to Alfalah Securities Limited, the rate of duty has been reduced for Completely Built Unit (CBU) and components from existing 20% to 10% and CBU and components for assembly/manufacture of vehicle in any form of kit from 65% to 50%. ECC has also reduced import tariff on Completely- Knocked-Down (CKD) kit from existing 15% to 5% and on locally manufactured CKD kit the duty has been lowered from existing 47.5% to 30%. The measure is taken to promote the motorcycle industry in Pakistan.