´╗┐Ministry: (Import Policy never intended for commercial imports: Commerce Ministry)

ISLAMABAD: Ministry of Commerce says only overseas Pakistanis have the facility of importing used cars under Baggage, Gift and Transfer of Residence schemes.

A clarification issued on Sunday by the Ministry said that the use of this provision in the Import Policy is never intended for commercial imports.

It said that a provision was added in the Import Policy to allow for the payment of Duties and Taxes on such import in foreign exchange by the overseas Pakistani from his own bank account to remove misuse of the scheme.

The statement made it clear that no one else can imports in the name of that beneficiary. It said a provision is being finalized for the vehicles in transit only as a one-time dispensation to avoid undue hardship.

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