OUR STAFF REPORTER ISLAMABAD - Federal Board of Revenue (FBR) has enhanced the maximum limit of the depreciation to 60 per cent on the import of used/second-hand trucks, agricultural tractors, buses and vans, says a press release issued Saturday. The decision has been taken in line with a similar decision taken by the Economic Coordination Committee (ECC) of the Cabinet in its meeting held on 26.04.2011 when the apex body while considering the summary regarding Rationalizing the Prices of Locally Manufactured Cars decided to enhance the maximum limit of the depreciation to 60 per cent on the import of used / second-hand trucks, agricultural tractors, buses and vans. In order to implement ECCs said decision, the Revenue Division, Federal Board of Revenue has issued Customs General Order No. 04/2011, dated 19th May, 2011 amending the parent CGO 14/2005 dated 6th June, 2005. Thereby, the maximum limit of the depreciation has been enhanced to 60 per cent on the import of used / second hand trucks, agricultural tractors, buses and vans at the rate of 2 per cent per month.