All Pakistan Motor Dealers Association (APMDA) has urged the federal government to withdraw SRO 52(1)/2019, which causes almost Rs100 billion revenue shortfall.

In its budget proposal for tax year 2020-21 sent to the Dr Abdul Hafeez Shaikh Special Advisor to Prime Minister on Finance, APMDA said that with the implementation of SRO 52(1)/2019, the import of cars through TR, Gift and Baggage schemes has completely stopped. As a result, the government has lost almost Rs100 billion in duties and taxes besides it has also deprived hundreds of thousands of Pakistanis in the country and abroad from their livelihood.

It said that they highly appreciated and supported the initiative of the government to entrust the Ministry of Science and Technology to take up the issue of quality and safety of local vehicles and added that the EV Policy proposed by the Ministry of Climate Change was another step in the right direction.

Furthermore, it said that APMDA whole-heartedly supported the ministerial committee on EV Policy constituted by the ECC and hoped that it would get succeeded.

It strongly urged the government to allow commercial import of used cars in line with the policy of documentation of the economy and expansion of the tax net thereby generating 100 percent more revenue for the government besides existing TR, Gift and Baggage schemes for the overseas Pakistanis.

First and foremost, the enforcement of SRO 52(1)/2019 must be stopped immediately in order to overcome the revenue shortfall of almost Rs100 billion besides securing the livelihood of hundreds of thousands of people and also allow commercial import for further enhancing the revenues, it added.

Copyright Business Recorder, 2020

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