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Company News on Tuesday, February 19, 2019
Source: Luv FM
2019-02-19
The group calls for a rights coverage policy
Importers of used cars and car parts in Kumasi are asking for a review of the initial payment of duties, calling it discriminatory.
They say this policy threatens the survival of local businesses to the detriment of their foreign counterparts.
Their call was launched when officials from the Customs Division of the Ghana Revenue Authority (GRA) hired importers in Kumasi to solve their problems.
The secretary of the Association of Used Truck and Spare Parts Importers, Nyaaba-Aweeba Azongo, explained that import volumes have decreased significantly as a result, which has had consequences on public revenue.
"Our petition against the discriminatory application of the original service policy regime, in favor of foreign vehicle dealers, threatens the very survival of the Aboriginal industry.
"With this petition, we ask you to humbly ask an urgent public with the relevant government authorities to resolve a common recourse to a post-clearance sales regime," he said.
He continued: The shortcomings of this initial policy regime applied to our industry are rather against the policy objective of improving the government's revenue prospects.
"The initial tariff regime for our members represents a major challenge for local businesses in terms of fixed capital, which has significantly reduced import volumes and, as a result, affected the overall volume of revenues that government would have realized. "
Bonded warehouses
Local actors claim that foreigners are increasingly invading the spare parts sector by avoiding taxes because of weak border controls.
They say that the fraudulent way in which these activities are carried out, without proper controls and tasks, could result in the collapse of the activities of our members in the coming years.
Mr. Azongo suggested to the state to create storage warehouses for used vehicles in order to cope with huge operating costs.
"We need the creation of a warehouse for the mutual benefit of the government and the dealer of importers of used trucks and spare parts."
Hedging Rights (Fixed Rate)
The group also calls for a policy to cover (fixed rate) rights against currency depreciation in order to give some stability to the payment of duties.
This, they believe that they will minimize the extortions in the delivery and transport chain of their containers.
"This current measure measures the degree of dissatisfaction among our members and the result of the institutional communication gap between the government and us, the major players in the industry. We hope that this basic requirement of political engagement with the principals -worked in this way, as happens in our case, "he said.
Ultimatum to respond to grievances
The group gave the government until March of this year to address their concerns. He presented a petition addressed to the chief of customs.
"We are therefore calling your office to an urgent meeting with relevant stakeholders by March 2019 to address the issues raised in this petition.
"We are deeply convinced that this would pave the way for an effective partnership to ensure that our interests are taken into account in order to enable the Association to meet the immense interests and demands of the government in this area."
CEPS Commissioner Isaac Crentsil advised importers to form a stronger national body to seek redress for their grievances.
"You need to form a strong union or badociation so that if the government wants to face your challenges or grievances, it's easy," said Crentsil.
The need for the state to facilitate rapid clearance of goods at the port in order to reduce costs was also emphasized.
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