APMDA to meet FBR chief today
KARACHI, Sept 27: Seeking withdrawal of the Customs General Order (CGO), used cars dealers will once again meet with FBR Chairman Ali Arshad Hakeem on Friday in Islamabad.
The dealers had met with the FBR chief on September 13 but the matter was not resolved. Chairman All Pakistan Motor Dealers Association (APMDA) H.M. Shahzad urged the FBR to resolve the CGO as around “6,500 cars and other vehicles were awaiting clearance” from the port.
He said that out of total vehicles awaiting clearance, around 3,000 vehicles were of 660cc to 1,300cc. “The government will get handsome revenue in shape of duties and taxes to the tune of Rs15-18b from the clearance of vehicles,” he informed.
Shahzad said that demurrage on dealers for non clearance of vehicles is also piling up in millions of rupees.
He said in case the CGO, which was issued on August 31, 2012, is implemented then it will reduce the depreciation allowance on used vehicles and will result in increase in duty, making used cars costlier.
He said the country is already facing shortage of small engine capacity cars as Suzuki Mehran enjoys a monopoly after production closure of Daihatsu Cuore, Suzuki Alto and Hyundai Santro.