Karachi, April 07, 2021 (PPI-OT):Chairman Khalid Waheed, All Pakistan Motorcycle Spare Parts Importer and Dealer Association (APMSPIDA) said that Motorcycle spare parts not a consumer item it should be removed from 3rd Schedule list which was included through STGO No 103/2019 Dated: 04.07.2019 For Commercial Imports is totally impracticable at import stage.
He said To put MRP (RETAIL PRICE) on motorcycle spare parts at import stage means to put MRP (Retail Prices including GST) on the individual packaging on Motorcycle Parts at the exporting country before shipment which is totally impracticable, motorcycles has many models and thousands of items manufactured at various factories importers supposed to calculate the retail prices by imaginary calculation 4 months ago when place the order to the foreign exporting companies because It takes minimum 120 days from placement of orders abroad to get the goods in Pakistan.
There are many unfixed payments involved which cannot be calculated 4 months ago, Floating foreign currency system in the country is a big hurdle fluctuation in the exchange rate which was seen last year at RS 168 to a dollar and now lowest at RS 153 Ocean freight goes up and down every say basis similarly Port Charges, Clearing Charges, demurrage charges different at every shipment, Sales are made at various cities of the country inland freight charges cannot be same for every city which also has to be included in the MRP, Smuggled goods are selling in the country prices cannot be fixed due to the tough competition, Old and new stock in case of change in cost becomes different MRP on the same product in the stock cannot sell at different MRP.
Chairman Khalid Waheed said although 850 M/cycle and 226 Cars registered every day but import of auto and motorcycle parts through custom reduced day by day, custom revenue is also going down this year due to smuggling and inclusion of Auto parts in the 3rd schedule total Import in the country July-FEB 20-21 was 33.89 BN (PBC) the share of Parts and Accessories is just 0.71% (less than 1%) due to smuggled goods got advantage by the poor policy of Higher taxes on motorcycles spare parts which becomes 93% at import stage and inclusion in 3rd schedule made the import impossible.
Khalid Waheed said Auto and Motorcycle Parts should be excluded from 3rd Schedule so that Smuggling and unofficial channels can be discouraged legitimate import can play part in documented economy while custom revenue will also be increased.
For more information, contact:
All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA)
Office No. 60, 2nd Floor, Aurangzeb Market, M.A. Jinnah Road, Karachi-74200, Pakistan
Tel: +92-21-32726400, +92-21-32733707
Email: email@example.com, firstname.lastname@example.org