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According to Barvida, 6,040 reconditioned cars were imported in the outgoing 2019-20 fiscal year, the lowest in the last 10 years. No cars arrived in April, May and June. In its previous year, 12,502 reconditioned vehicles were imported. The government received revenue of Tk 1,026 crore in the outgoing fiscal year from imported reconditioned vehicles.
Barvida leaders demanded an end to fare discrimination in new and reconditioned vehicles. They claim that new imported vehicles are taxed at the declared price. But since there is an opportunity to charge the price mentioned in the invoice, there is an opportunity to advertise the price conveniently in the collusion of the supplier and the importer. The government receives much lower taxes. On the other hand, rates for reconditioned cars are based on the new Yellow Book price published by the Japan Automobile Evaluation Institute. There is no opportunity to change this price. Additional duties and taxes are being imposed on four- and five-year-old vehicles. The price of imported reconditioned cars is rising. Many traders are losing out due to uneven competition. Therefore, it is necessary to rationalize the tariff and tax inequality for new and old vehicles.
Abdul Haq demanded a ban on the import of cars below the Euro 5 standard to avoid environmental pollution. He said that imported cars from Japan are Euro 5 or a higher standard. On the other hand, cars from renowned brands from India, Thailand and Indonesia are Euro 2 or 3 standard. These cars are sold in Bangladesh which pollutes the environment more than reconditioned cars imported from Japan.
