|
[1]
Guidelines for
Assembly/Manufacturing of Vehicle under Regulatory Environment.
[2] Background of
Tariff Based System (TBS)
As of July 1st 2006, the deletion programs
for the Automotive Sector have been replaced by the Tariff Based System
(TBS).
[SRO 656 (I) / 2006 dated June 22,
2006 (For OEMs)]
[SRO 693 (I) / 2006 dated July 1,
2006 (For OEMS)]
[SRO 655(I) / 2006 dated June 22,
2006 (For Vendors)]
The deletion programs have gradually been
phased out under the WTO regime to become TRIMs compliant. The TBS is
the outcome of a long drawn consultative dialogue between all
stakeholders including OEMs and Vendors, belonging to different
sub-sectors of the Automobile Industry.
The TBS has been developed with the
following overriding objectives:
-
Preservation & promotion of technologies that have been developed in
the country
-
Protection to the present job structure in the auto sector.
-
Promote job creation
-
Protect the existing & planned investment by the OEMs & Vendors
-
Promote new investment
-
Expand the consumer base to create economies of scale
The basic framework of Tariff Based System
is as under:
1. Imports in CKD condition would be allowed
only to assemblers having adequate assembly
facilities and registered as such by the concerned Federal Government
Agency.
2. Parts/ components indigenized by June
2004 have been placed at higher rate of
Customs Duty
3 Parts not indigenized would be
allowed at CKD rate of Custom Duty. |
