Auto dealers ask for withdrawal of new provisions
Kathmandu, September 10:
Automobile dealers and entrepreneurs have asked the government to review a provision of taking photographs of engine and chassis number, while registering a new vehicle. They also termed the new provision a ‘tedious’ and ‘impractical’ one, which will hamper the automobile business in the long run. The government recently introduced the provision of taking photos of engines and chassis numbers while registering for a new vehicle at the department of transport management.
While addressing the 29th annual general meeting of Nepal Automobile Dealers’ Association (NADA), Chandi Raj Dhakal, president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that the number of impractical provisions related to automobile industry should be reviewed. He asked the government to withdraw levying value added tax at customs points while importing vehicles. Speaking on the occasion, Rajesh Kaji Shrestha, president of Nepal Chamber of Commerce (NCC) said that the provision of putting vehicles into luxurious category is not practical. “Passenger vehicles are no more luxurious items. They have become necessities,” he said. Shrestha also expressed concern over the slow pace of infrastructure development, especially road expansion and improvement, although the government is making a hefty sum of money from the automobile sector.
Despite its promising prospect, growth of the automobile industry has slackened mainly due to the ongoing insurgency in the country and other policy related problems, said Hikmat Bahadur Mali, president of NADA.