The concessionary duty extended to brand new electric cars in the 2018 Budget has been extended to electric cars not older than one year, the Finance Ministry said today.

Therefore, those who opened LC to import cars before Nov 9 can clear them at old duty rate, it said.

The gazette notification relating to this will be published today, the Finance Ministry further said.

The Budget 2018 proposed that the import tax on new electric vehicles is reduced by Rs. 1 million.