MoC issues mandatory rules for EVs importation and showrooms

Untitled 1 16 1536x922 1
The photo shows an electric vehicle charging in Guangdong Province in South China on 27 October 2022. Photo: Xinhua

The Ministry of Commerce released a directive stating the rules for the importation of battery electric vehicles (BEVs) and showrooms.
During the pilot project, the importing companies of EVs must register with the Directorate of Investment and Company Administration. They have to submit the sales contract with each EV manufacturer.
The importers must abide by the standards and import quota set by the national-level steering committee on the development of electric vehicles and related business.
The companies also need to pay K50 million at the designated banks and present the bank guarantee. Those showroom operators must present a certificate of non-tax delinquency provided by the Internal Revenues Department and need to add K100 million to a special account of the authorized banks as a guarantee.
Only vehicles with left-hand drive can be imported. The models for private vehicles are set to be one year older than the current year. The showroom operators can import the vehicles in line with the auto import policy issued every year.
Additionally, motorcycle showrooms also need a bank certificate with a K50 million deposit at the authorized bank. The imported motorcycles must be the ones manufactured within two years. The showroom operators will face legal actions under the existing law if they do not adhere to the rules stated in the directive. — TWA/EM

Share this post
Hot News
Hot News
YRTC will cancel driver’s smart card and driving license for a period for traffic rule violations
MAEX Public Co Ltd and Dagon Group will help donate  K500 million for flood relief and rehabilitation
MGMA receives cash, clothes, medicines and food worth more than K200milllion for flood relief donation
YBS 111 bus line to donate one-day income from bus fares for flood relief
9 September 2024
WFP launches major food aid for 500,000 flood victims in Myanmar
Norway contributes US$500,000 in aid for Myanmar’s flood relief
MoHA Union Minister comforts flood victims in Toungoo
DPM MoTC Union Minister attends Nepali National Day reception
MoE Deputy Minister attends 23rd SEAMEO CHAT management board meeting