In a significant policy shift, the federal government has updated the Import Policy Order 2022, paving the way for the import of used cars with a mileage of up to 2,000 kilometers. This move marks a departure from the previous stipulation that only permitted the import of vehicles with a mileage of up to 500 kilometers.
Under the newly implemented directive, a used car with a mileage of up to 2,000 kilometers will be classified as a new vehicle for import purposes. This change signals a strategic shift in the import policy, potentially opening up new avenues for the automobile industry.
The Ministry of Commerce has reflected this change in the Import Policy Order 2022, indicating a revised approach towards the importation of used cars. This development could have far-reaching implications for the automobile sector, potentially reshaping the landscape of the used car market.
