The auto industry has called for abolishing the additional customs duty (ACD) on import of spare parts in the upcoming budget.
Currently, the auto industry is paying 7% ACD on the import of spare parts. In addition, it has called for giving the same incentives in the hybrid vehicle policy to the auto sector, which the government has announced in the electric vehicle (EV) policy.
Talking to a select group of journalists, Indus Motor Chief Executive Officer Ali Asghar Jamali said that the government should also announce incentives for the vendors to encourage the manufacturing of vehicle spare parts in the country. He added that the government should announce a long-term auto policy to attract investment.
Read More : https://tribune.com.pk/story/2287755/auto-industry-demands-duty-removal