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Car imports decline

by Thupeyo Muleya
30 Aug 2016 at 06:38hrs | Views
THE Zimbabwe Revenue Authority (Zimra) has recorded a 2,7 percent decrease in car imports through Beitbridge border post between January and June this year in comparison to the same period last year.

Official figures from Zimra show that a total of 13 976 motor vehicles were imported through Beitbridge Border Post as at June this year as compared to 14 358 vehicles which were imported during the same period in 2015.

It is understood that the imports through Beitbridge have declined as many importers and car dealers now prefer using less busy stations such as Plumtree, Kazungula and Chirundu border posts.

Zimra recently stopped accepting values of second hand vehicles which are being sold in South Africa saying they were way below standard market values.

This has resulted in importers opting to buy vehicles directly from Japan or Tanzania where prices are relatively low.

Zimra's director of legal and corporate affairs, Ms Florence Jambwa, said yesterday that they were processing an average of 72 vehicle imports per day at Manica Transit Shed.

"For the period January to June 2016, 13 976 motor vehicles were imported through Beitbridge Border Post as compared to 14 358 vehicles which were imported during the same period in 2015," she said.

Ms Jambwa said Zimra was practicing standard valuation procedures which are consistent with the prevailing market values.

"Where the declared values are way below the prevailing market values, the law provides that an assessment of the value be done.

"If the sales prices are in line with prevailing market values, they are accepted by Zimra.

"However, if the declared values aren't in line with prevailing market prices, an assessment of the value is done to establish the correct value for duty purposes.

"This is to ensure that the correct duty is paid for that particular importation," she said.

Ms Jambwa added that during the same period under review they witnessed a decline in the volume of commercial vehicles accessing the country through Beitbridge Border Post.

She said a total of 55 509 north-bound commercial vehicles passed through the port of entry in the first half of this year, while 58 309 were recorded last year.

"We had a total of 60 745 commercial vehicles leaving via Beitbridge in the period January to June this year, and in 2015 we had 66 003 vehicles," Ms Jambwa said.

She said the volume of transits trucks going either side of the border remained between 12 000 and 15 000.

With respect to those who failed to clear their goods on time, Ms Jambwa said, Zimra was disposing them through rummage sales.

"The law provides that seized goods be disposed of after 90 days. However, this may take longer in cases where the matter is before the courts or where there is an appeal.

"For goods or cars held by Zimra on a Receipt for Items Held, disposal is after 60 days provided there is no appeal or no court process with regards to the detained goods," she said.

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Source - chronicle

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