Dear ALL
I have been getting several calls regarding this matter.
It is not at all usefull.
The conditions say that firstly the car should be 1350cc or less
It should be brand new
You should obtain a letter and approval from the ministry of commerce.
Please note, JUST the duty will be waved of, you still have to pay sales tax 16% , incometax 4% and FED 1%.
If you import a used car you get depreciation of 1% per month and then used cars from japan you get at a lower price obviously.Now the person buys a brand new car, firstly he wont get any depreciation and then he will be buying at the price of a brand new vehicle...whats the point of importing then, you cant sell the vehicle till 5 years if youve imported.
Ive read the SROs and all notifications of the custom Act.I dont think its usefull at all.