one thing people most commonly misunderstand:
there is one hell of a difference , in importing a chinese car.
and assembling one locally.
[U]"in terms of price"
[/U]in short , if any company sets up its assembly line here in Pakistan.
we will get cars almost 30% cheaper.
as , on importing CKD ( completely knocked down) kits , you get a discount of 65% in duty.
e.g
if CHERY QQ was costing 5 lacs before , ( without assembling it here)
it includes , the PRICE ( c&f ) 2.5 lac + duty 2.5 lac (100%) roughly
so if CHERYY QQ was assembling this same car here , instead of the 2.5 lac duty ,
CHERY would pay only 82500 duty.
so for the end user , the car would cost ,
250,000 + 82500 = [U]3 ,32 ,500 + (17%GST)
this is how it all works , so if china is opening an assembly line , IT IS REAL GOOD NEWS FOR US.
[/U]