Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 3 - Jul/Aug/Sep 2021
 

Restrictions to the Importation of Motor-Vehicle

The Ministry of Commerce has announced in a letter dated 27 September 2021 to the State Administration Council (SAC) its intention to restrict the importation of motor-vehicles. The relevant details of its proposed restrictions are as follows:


  1. The issuance of private (individual) import licenses for motor-vehicles from foreign countries shall be suspended from 27 September 2021;

  2. The issuance of show room/retail centre import licenses for motor-vehicles from foreign countries shall be suspended from 1 October 2021. Motor-vehicles that are in transit from a foreign country which have departed the origin country of export before 1 October 2021 shall only be allowed to be imported after the inspection of the original Bills of Lading relating to these motor-vehicles;

  3. New applications for show room/retail centre business licenses and import licenses for purposes of carrying out the business shall not be accepted with effect from 1 October 2021;

  4. Import licenses for motor-vehicles for purposes of swapping old motor-vehicles as per the old/used motor-vehicle regime implemented by the Road Transport Administration Department shall only be issued to persons holding show room/retail centre licenses; and

  5. The import policies for motor-vehicles will only be permitted for new motor-vehicles commencing from 1 January 2022.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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