Tag Archives: All Pakistan Motorcycle Spare Parts Importers and Dealers Association

Chairman All Pakistan Motorcycle Spare Parts Importers and Dealers Association for reduction in import duty on motorcycle spare parts in next budget

Karachi, May 28, 2015 (PPI-OT): Chairman All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA), Faisal Khalil urged the Prime Minister and Federal Finance Minister to reduce import duty of motorcycle spare parts from 35 percent to 20 percent and abolish 15 percent additional duty in coming budget for the year 2015-16 to encourage legitimate import and discourage smuggling.

In a letter to Prime Minister and Finance Minister, he said that the newly elated government came into power with the votes of the poor people of Pakistan and recalled that during the election campaign it has been promised that they will reduce prices after coming into power.

He pointed out that the most cheapest means of transport (motorcycle) spare parts are subjected to 35 percent custom duty, 15 percent addl duty, 17 percent sales tax , 3 percent addl tax and 5.5 percent income tax i.e. almost 100 percent impact of levies are applied on the import of spare parts.

He mention that the imports of spare parts are paying 3 to 4 billion of rupees to government exchequer which is just 50 percent to 55 percent share of legally imports, whereas 45 to 50 percent government revenue is hijacked by the smugglers due to high tariff.

He said that due to exorbitant high tariff smuggled goods are flooded in the markets through KPK and Balochistan borders beside others. The argument of high tariff just to protect local industry is not workable. Engineering industry has only 0.1 percent share total 400 billion dollars world business, he mentioned.

The association further proposed that that custom duty be reduced from 35 percent to 20 percent on under mention items of motorcycle spare parts under chapter 8700-0000 respective headings.


7315:1910 8409:9111 8483:5010 8407:3110 8532:3010 8536:5021

8714:1910 9029:2011 8483:9020 8483:1012 8483:6091 8512:2010

8544:4221 8532:3010 8714:1990 8421:3110 8481:8020 8714:1920

He further demanded that 15 percent additional duty be abolished imposed under SRO 693(1)/2006dated July 1, 2006 and the SRO be amended accordingly.

He demanded that rescind or suspension of all valuation rulings for relating to our trade for one year and let the traders be allowed importing at the lowest price from the world market. Items listed under respective heading under cheaper 870-0000 be included in FTA with China and Malaysia, he proposed.

Time limit of 45 days be fixed to decide the review petition filed under section 25D of the custom act 1969 as at present director general valuation takes years to decide the matters. He said that the lowering duties and taxes will help reduce smuggling of spare parts.

For more information, contact:
Jamal Shah
All Pakistan Motorcycle Spare Parts Importers and Dealers Association
Room # 60, Aurangzeb market
M. A. Jinnah road
Karachi
Phone: 021-2726400/2733707
Fax: 021-2726400
Email: apmspida001@gmail.com

Faisal Khalil urges Director General Rangers to direct law enforcing agencies to take appropriate measures to overcome increasing incidents of robberies in shops of motorcycle spare parts

Karachi, May 15, 2015 (PPI-OT): Chairman All Pakistan Motorcycle Spare Parts Imports and Dealers Association , Faisal Khalil has urged the Director General Rangers to direct law enforcing agencies to take appropriate measures to overcome increasing incidents of robberies in shops of motorcycle spare parts.

In a letter to the DG rangers, he invited his attention towards increasing incidents of robberies in motorcycle spare parts market by breaking locks and cutting shutters at night.

Touching upon the insecurity in motorcycle spare parts market, Faisal Khalil informed that they have witnessed abrupt upsurge in the incidents pertaining to break-ins at various shops in their market whereas the police officers have failed to provide security. In this regard, he asked KCCI to help MSPIDA in bringing this serious issue to the notice of heads of Law Enforcing Agencies in order to give some relief to perturbed shopkeepers.

For more information, contact:
Jamal Shah
All Pakistan Motorcycle Spare Parts Importers and Dealers Association
Room # 60, Aurangzeb market
M. A. Jinnah road
Karachi
Phone: 021-2726400/2733707
Fax: 021-2726400
Email: apmspida001@gmail.com

The post Faisal Khalil urges Director General Rangers to direct law enforcing agencies to take appropriate measures to overcome increasing incidents of robberies in shops of motorcycle spare parts appeared first on AsiaNet-Pakistan.

Motorcycle spare parts importers and dealers for cut in import duty to 20pc

Karachi, February 13, 2014 (PPI-OT): The vice chairman Khurram Riaz, Business Leaders Faisal Khalil, Rehan Hanif and Nasir Maqbool of All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA), has urged the government to reduce import duty on motorcycle spare parts from existing 35 percent to 20 percent to curb its smuggling.

Speaking at a meeting of the association, he pointed out that at present the importers of motorcycle spare parts were paying 100 percent taxes including 35 percent import duty, 15 percent additional duty, 1 percent FED and 19 percent sales tax.

He said that high rate of taxes was an incentive for smugglers to boost their illicit trade and causing the government loss of revenue.

He claimed that import of spare parts through legal channel had declined whereas smuggling of the parts was on the rise. Vice chairman said that the increase in smuggling was destroying the local motorcycles spare parts industry.

He opined that the reduction in import duty would not only result in increase of government revenue but would also help curb the smuggling and encourage import of the parts through legal channels.

He assured the members of the association that he would make all out efforts to convince Finance Ministry’s and Federal Board of Revenue’s (FBR) authorities that lowering taxes and duties was the only solution to curb smuggling of motorcycle spare parts.

For more information, contact:
Jamal Shah
All Pakistan Motorcycle Spare Parts Importers and Dealers Association
Room # 60, Aurangzeb market
M. A. Jinnah road
Karachi
Phone 021-2726400/2733707
Fax: 021-2726400
Email: apmspida001@gmail.com

The post Motorcycle spare parts importers and dealers for cut in import duty to 20pc appeared first on AsiaNet-Pakistan.

All Pakistan Motorcycle Spare Parts Imports and Dealers Association reject upward revision of assessment of imported goods valuation

Karachi, December 11, 2013 (PPI-OT): All Pakistan Motorcycle Spare Parts Imports and Dealers Association (APMSPIDA) rejected sudden upward revision of assessment of imported goods valuation and demanded of the government to revert it to previous level.

They termed the increase to bring wave of price increase of essential goods besides encourage smuggling of the products.

The importers are reluctant to clear their imported consignment from ports due to sudden higher assessment of goods.

In a letter to Federal Finance Minister Ishaq Dar, Senior Vice Chairman of APMSPIDA, Khurram Riaz, Former Chairman Faisal Khalil, Rehan Haneef and Nasir Maqbool said they received a list of 96 items as criteria for revised assessment of imported goods which include Sr No 58, 80, 85, and 86 belonging to motorcycle spare parts.

He said motorcycle parts fall u/h 8714.1020. The tax regime on H.S. code 8714.1020 is total worked as 100 percent of customs value (i.e. CD including add, duty plus 50 percent, Sales Tax 17 percent, additional sales tax 3 percent, income tax 5.5 percent, plus 8 to 9 percent overhead expenses). This is the highest tax rate and in result it attracts smugglers as a favorite dish as compared to all other items of Pakistan customs tariff.

He pointed out that major portion of metal parts manufactured from CRC (mainly secondary quality) metal sheet which is used as raw material for their parts and lighting equipment contain some glass material and both the materials are not more than 450 dollars to 550 dollars per M/ton range and after adding manufacturing cost which is not more than 25 to 30 percent; if finally worked out as 725 dollars per M/ton for finished product. The assessment criteria were 1.10 dollar per kg which was also enhanced to 1.20 dollar during last year.

The senior vice chairman said at present around 80 percent of motorcycle spare parts is routed on legal way through Federal Board of Revenue (FBR) channel in which government earns a revenue of approximately two billion rupees yearly. Rest 20 percent trade which contain carburettors, CDI unit, crank case and break hubs, etc., which are being assessed 4.50 dollars, 3.00 dollars, 3.73 dollars and 2.33 dollars per kg (as per valuation ruling) and are not on the legal import channels due to their higher valuation rates which are almost double of the automobile (4wheel parts).

He said some items which are very heavy in weigh such as spokes, chains and chain sprockets and are being assessed below the criteria should be maintained as per prevailing date available, as they are most attractive items for illegal channel because of their heavy weight and low CBM.

Khurram Riaz expressed fear if the present assessment criteria will be enhanced, most of the items will shift through illegal channels. This will not be the good sign for economy resulting in a heavy loss to government revenue in future.

He further pointed out that due to the sudden increase in assessment without the consent of stakeholder imports are facing heavy loss in items of demmurage, detention and loss of sale.

Major imports have stopped their shipments which will result not only panic in market of Pakistan, but also will result major shortfall in government revenue.

Meanwhile, Chairman Pakistan Chemical and Dyers Merchant Association (PCDMA), Shokat Riaz has also rejected the customs new clearance guidelines of imported goods and demanded valuation on imported goods on price certification.

He said the imports are reluctant to clear their imported consignment from ports due to fixing valuation and at exorbitant higher rate.

He met the Chief Collector Customs and apprises him about the concern of PCDMA members and said customs authorities clearing goods at fixed value under the guide which is extremely higher.

The chief collector assured him of all possible support and advised him to meet additional collector and apprise him of their concern and give proposals.

Shokat Riaz also met additional collector Fayaz Rasool and apprised him of imports objection and said the imports are not prepared to accept increase in valuation.

He said the guide include majority of items which are used as industrial raw material and if this valuation is implemented the cost of manufacturing will go up tremendously.

He expressed that manufacturers will defiantly pass increase to consumer’s end that are already under heavy financial crisis.

For more information, contact:
Jamal Shah
All Pakistan Motorcycle Spare Parts Importers and Dealers Association
Room # 60, Aurangzeb market
M. A. Jinnah road
Karachi
Phone 021-2726400/2733707
Fax: 021-2726400
Email: apmspida001@gmail.com

The post All Pakistan Motorcycle Spare Parts Imports and Dealers Association reject upward revision of assessment of imported goods valuation appeared first on AsiaNet-Pakistan.