Auto assemblers and auto parts manufacturers have asked the Federal Board of Revenue (FBR) not to force companies to submit their data repeatedly as it will only hurt the ease of doing business drive in the country. Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have made the request in separate letters written to FBR Chairman Javed Ghani.
PAMA Director General Abdul Waheed Khan, while conveying the response of association members, stated that the procedures specified in SRO 615(1)/2020 were not workable since the data required was already part of FBR’s record. He said:
“Auto sector is a 100% documented sector, hence forcing companies to submit the data again and again will only add to the bureaucratic hurdles to businesses. PAMA has always supported government’s efforts for the documentation of economy but such rules only hurt the ease of doing business in the country.”
He pointed out that PAMA members were monitored by a number of government bodies including the Engineering Development Board (EDB) and FBR at various stages; hence their complete record was already available with the government.
Related: Auto Sector Demands Tax Reduction
Meanwhile, PAAPAM Chairman Muhammad Akram stated in his letter that the association was duly governed under SRO 655(l)/2006 and under strict regulations/controls exercised by the EDB, Ministry of Industries and Web Based One Customs (WeBOC). He said in his letter:
“We submit that the entire procedure of verification laid down in the said SRO was already being strictly implemented by the EDB for all auto parts manufacturers. And complete verification of their consumption is carried out and records maintained by them (including synchronizing with automotive assembler’s production), in line with the processes laid down in the proposed SRO 6l5.”
Full story: The Express Tribune
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com