Ministry relaxes restriction on import of used cars

The Import Policy 2022 was modified on Thursday by the Ministry of Commerce to loosen the prohibition on the import of used, unregistered automobiles.
According to the specifics, the government has permitted the entry of used automobiles with 2,000 km on them, as compared to the former policy that permitted the import of cars with a maximum mileage of 500 kilometres.

Cars with up to 2,000 km on them will be deemed “new” under the revised import regulation, according to the ministry’s announcement.
It is important to understand that imports have a big effect on the economy of the nation because most payments are made in dollars, which has an effect on the nation’s foreign exchange reserves.