The federal government is reportedly considering the abolition of one of the schemes for importing used cars while proposing stricter regulations for the two remaining schemes.
The Ministry of Commerce has submitted a summary to the Economic Coordination Committee (ECC) of the cabinet, recommending the discontinuation of the Personal Baggage Scheme.
The other two schemes — Transfer of Residence and Gift Scheme — are being proposed for tighter regulation, with measures suggested to curb misuse.
“Different...
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