Car im­ports de­cline

Chronicle (Zimbabwe) - - Business Chronicle - Thu­peyo Mu­leya

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.

im­ports through Beit­bridge bor­der post be­tween Jan­uary and June this year have de­creased

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