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Alert for New Car Buyers ! Excise Department has Made an Important Decision

December 30, 2021 / By Zunair Tahir / News Pakistan

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Within 15 days of purchase of the new car of any type the Excise Department took a major decision regarding those who did not register the vehicle within 15 days of the purchase.

According to the details, thousands of vehicles across the province including Lahore are not registered even after several months of purchase due to which the excise department is facing loss. Those who do not register will have to pay Double Token Tax.

Pakistan is Adopting a new law that will Soon Make Cars Without Airbags Illegal.

Earlier, those who did not register on time are also being fined Rs 5,000. Due to unregistered vehicles, the people are not taking the fine serious the department has to bear loss of crores annually and are facing loss. Timely registration will increase the excise revenue. Others, including taxes, lose money

The purpose of doubling the token tax is timely registration. Due to unregistered vehicles, there are revenue as well as security concerns as it is difficult to trace a vehicle without number plates involved in crime.

And the crime is increasing day by day and usually the robbers uses the cars that are not registered and cannot be detect on security cameras and crime is increasing day by day so strict decision need to be taken by the excise department.

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The Most Expensive Car Registration in Punjab Has Been Completed! Total: 53 Lakhs

September 3, 2021 / By Zunair Tahir / Automotive News

The Punjab Excise and Taxation Department has recently completed the province’s most costly automobile registration. The authorities, according to sources, has registered a Mercedes AMG G63 for Rs53 lacs.

The Mercedes G63 AMG is finished in Diamond White and has a 4,000cc engine.

According to estimates, the automobile costs Rs13 crore and 19 lakhs, making it the most costly registered car in Punjab. The car’s assigned number is AEG-063. Furthermore, the automobile is on bank lease and registered in the name of First Habib Modaraba.

GALLERY:

Previous Record Holder

The Lamborghini Huracan Spyder was once the most expensive automobile registered in Punjab. The vehicle was valued at Rs11 crore. Meanwhile, the registration fee was more than Rs4.5 million.

Arjumand, the owner of a Lamborghini Huracan Spyder (sports variation), paid Rs4.532 million for the vehicle’s registration, which had previously been refused because the department’s system could only register automobiles costing less than Rs100 million.

The government then updated its mechanism for registering such high-value automobiles.

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The provincial department excused itself from registering the Lamborghini because the registration deadline was Rs10-crore. The officials informed the reporters, “The department couldn’t register any automobile beyond this price limit.”
The department, on the other hand, changed its regulations, updated its software, and then registered the automobile.
The Lamborghini owner informed the media that he was still unable to register the car. He told the reporters, “I’ve been coming to the excise office for 10 days, but I’m shocked there is no law in Punjab to register such automobiles.”
The most expensive automobile registered in Punjab before Lamborghini was a Mercedes GT Series.

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