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Government lifts ban on import of vehicles

July 20, 2014
in Uncategorized
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VehicleImportLiftedThe Ministry of Economic Affairs formally lifted the ban on the import of vehicles with effect from yesterday.

With new taxation policy in place, vehicles imported from India will be levied 55 percent tax inclusive of sales and green taxes.

While import of vehicles from other countries will be taxed more than 55 percent tax, depending on the engine capacity of the vehicles. The country banned the import of vehicles in March 2012.

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