ISLAMABAD: Retired three- and four-star officers of the armed forces will be able to import duty-free bulletproof vehicles of up to 6,000cc under a policy green-lighted by the federal cabinet, but is subject to approval from the premier, an official source told Dawn.

The facility will also be available to all three services chiefs and the chairman of the Joint Chiefs of Staff Committee soon after their retirement, the official said but added that a notification had yet to be released.

Whether the facility will be subject to any condition or will it apply to only retired offers remains to be seen. “We cannot share details right now,” the source said, adding that things would be clear once the notification was issued.

The Federal Board of Revenue (FBR) has delayed releasing the notification after growing criticism on social media over the government’s decision. The notification will now be issued after approval from Prime Minister Secretariat and the finance minister, the source said.

As per the federal cabinet’s in-principle decision, four-star armed forces officers can import two bulletproof vehicles with engine capacity of up to 6,000cc duty-free. Three-star officers will be able to import one duty-free bulletproof vehicle after retirement.

They would not be able to sell these vehicles in the market for five years and without FBR’s approval. But if they want to sell a vehicle before that period, they will need to pay all duties and taxes. Moreover, the import of these vehicles will be linked with the defence ministry’s recommendation.

A well-placed source in the FBR told Dawn the decision was taken with approval from the federal cabinet, which has the authority to waive duty and taxes on anything.

Another source claimed that the decision to allow duty-free bulletproof vehicles was earlier taken by the cabinet in 2019. However, he did not elaborate on why the decision was not implemented even after three years.

The decision was originally taken to allow the facility only to those officers who served in major operations and have security issues after their retirement, the source said, adding the facility was not open to all three-star officers of the armed forces.

A finance ministry official said the IMF would have no issue with the individual’s exemptions. “We have recently revived the exemptions of international organisations as well as diplomats,” the official said.

In 2020, the commerce ministry notified a policy for importing new and used bulletproof vehicles through a notification SRO902 of 2020.

Under that policy, bulletproof vehicles can be imported on the interior ministry’s recommendation, subject to conditions. However, in the present case, the exemption from duty and taxes will be an additional benefit.

Published in Dawn, September 24th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...
Tax amendments
Updated 20 Dec, 2024

Tax amendments

Bureaucracy gimmicks have not produced results, will not do so in the future.
Cricket breakthrough
20 Dec, 2024

Cricket breakthrough

IT had been made clear to Pakistan that a Champions Trophy without India was not even a distant possibility, even if...
Troubled waters
20 Dec, 2024

Troubled waters

LURCHING from one crisis to the next, the Pakistani state has been consistent in failing its vulnerable citizens....