Posts Tagged ‘imports’

Bangladesh Investigates New “Used” Imports

June 24, 2008

The National Board of Revenue (NBR) of Bangladesh is looking into the possiblity of people importing brand new cars as “reconditioned” cars, mostly from Japan.

As many Japanese used car exporters are aware, brand new vehicles are quickly registered and de-registered to circumevent Japanese laws forbidding anyone besides the manufacturer from exporting new vehicles. Technically, in the eyes of the law these are no longer brand new vehicles, just new or “as-new” vehicles. Why this matter to Bangladesh NBR is that they make 50% higher import duty on cars imported as new.

To counter this, it is proposed for the new budget that for a vehicle to be considered a “reconditioned” car, it must have a space 365 days between registration and deregistration and have clocked at least 1,000 km of mileage. They hope this will close the loop hole.

It’s not all bad news for importers though. Also in the proposed budget, the government will reduce supplementary duties from 60 percent to 20 percent on import of ordinary non-luxurious microbuses with and engine size between 1500 to 1800 CC which are used for transportation of industrial raw materials and/or passengers.

Source – The New Nation

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New Law from Dubai Tightens Imports

June 10, 2008

The recent decision of the Cabinet’s Services Committee will further restrict the imports of used vehicles into UAE starting January 2009. There will be an import ban on used light cars that are older than 5 years, and heavy vehicles are not allow if older than 7 years.

In good news, light cars over 20 years old are banned in the United Arab Emirates. This will push people to buy newer, better cars. And those vehicles can be from Japan.

What’s special about Japanese cars? (PART B)

December 4, 2007

Why would somebody be interested in importing a car? What would be its benefit?

In part A, I highlighted that JDM vehicles (those made for Japan) are made with more variety and technology. In this part, I want to focus on the condition of cars and how importers benefit.

The first thing that must be realized is that owning a car in Japan is Expensive! With this fact, the old proverb “Where your treasure is, so is your heart” can be easily applied here also. Your typical car owner, keeps their vehicle much cleaner than most of their American, European, and worldwide counterparts.

Yes, Japanese are found smoking, drinking (non-alcoholic) beverages, and eating just as others, but you will find much less cars with smashed chips ingrained in the carpet, spills spots on the seat fabric, and other “used” marks. If you are buying from auctions, you will have detailed notes if their are any interior flaws.

For most people, interior is important, but the exterior is even more important. For Japanese, when buying used, the want to know any flaws externally and all inspections sheets have a section specifically for noting any damage. Very often, you will find cheap used cars with no external flaws or at most a few small scratches.

Again, when buying, you’ll have professional assessments to consult. Additionally, in Japan roads are not salted during the winter which reduces cases of rust to very low levels.

Mechanical conditions on Japanese have many things preventing get bad apples. Not that every car in Japan is mechanically in excellent condition. Nevertheless, in Japan a vehicle must have a very stringent and expensive car inspection called “Shaken”. This promotes people to keep their cars well maintained.

Additional benefits are that the Japanese have among the smoothest road is the world making shock waring much lower. Japanese people also generate little mileage on their cars. You can find 9 year old cars with less than 90,000km and most cars most used-cars are running less than 100,000km on their odometers.

Stay tuned for more reasons Japanese imports are worth the effort.