Ban on import of Japanese cars

[pwuser151196450710]

Aoa all
I wanted to know the current status of Ban on import of automobiles. Is there any change in the current budget. Or what are the expectations in near future.
Please share your expertise if you deal in imported cars.

[capsat]

3 year old or a brand new vehicle can be imported (of any brand) under the allowed 3 schemes for Expats. Condition of banking & money trail are to be met. There is no change in such policy.

Vehicle smugglers have switched to other businesses for money laundering since 2018.

[pwuser151196450710]

Are you sure, because the ban was imposed on 19th May 22.

[capsat]

BAN as in import by the OEM brand names having automotive industrial license. They utilize national reserves of Foreign exchange to import fleet of vehicles.

it does not apply over the Expats for 1 vehicle every 3 years.

[AkbarGr8]

Sir even used car imports were banned till further notice

[capsat]

Sir even used car imports were banned till further notice

no sir vehicles under 3 schemes for expats is very much in place, because it does not utilize the FE element from local reserves. vehicle payment is transferred from overseas bank evidence has to be attached a proof of purchase. Remittance from abroad in a local bank (under name of consignee) with proof of encashment is required to process customs clearance.

The ban is slapped for the assemblers MG KIA & Hyundai alike.

[AkbarGr8]

Check out this article:

https://www.pakwheels.com/blog/complete-ban-on-cbu-car-imports/

All imports are closed for the time being - which unfortunately has affected used jdms also.