Commercial import of used vehicles sought
By Our Staff Reporter | 3/8/2012 12
KARACHI, March 7: Chairman All Pakistan Motor Dealers Association (APMDA) H.M. Shahzad has urged the government to allow commercial import of used vehicles up to 10 years of age as many people cannot afford to buy costly locally assembled vehicles.
In proposals for 2012-2013 Budget he said allowing commercial imports in addition to existing schemes for import of used cars like transfer of residence, gift and baggage schemes would be in line with the government`s policy of documentation of the economy and would generate more revenue.
He said only certified members of the APMDA would be allowed to import used vehicles on commercial basis for the sake of transparency in trade.
In transfer of residence scheme, he said there should be no restriction of age limit for the import of used vehicles.
He said the importers are paying 50 per cent regulatoryduty on import of vehicles above 1,800cc cars and jeeps.
The government, he said, should impose a fixed rate of duty on the import of used vehicles above 1,800cc. The local car industry will not feel the pinch as they do not assemble above 1,800cc vehicles.
Shahzad said that local car assemblers are enjoying the monopoly as they take 100 per cent advance payment at the time of car booking from the customers and take months to deliver it. As a result, many authorised dealers having stocks in hand start charging premium on spot buying.
He said the government should check as to why promised levels of deletion have not been achieved by the assemblers despite passage of many years.
He said the car assemblers had been frequently increasing the prices on rupee-yendollar fluctuations but in real terms they have raised the prices more than the actual impact of currency.