New curbs coming in vehicle sector
With new car dealers complaining of being undercut by used car importers taking advantage of loopholes in the Customs duties, Minister of Commerce Dwight Sutherland is promising new legislation, in six months, to “level the playing field”.
He was speaking on June 26 following a walk-through of NASSCO dealership at River Road, The City, where he made it clear the rules must be evenly applied.
The minister spoke of the classification of import licences for Toyota Hilux trucks, noting that while authorised dealers were required to remove all accessories to qualify for the 47.7 per cent duty, some third party dealers were attracting the same level of taxes, even though their vehicles had the full gamut of accessories.
He explained that as a result, third party dealers were able to sell fully-loaded vehicles at $25 000 less than NASSCO, the authorised dealers for Toyota. (CLM)
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