28 January 2014

Bowing to pressure, Customs scraps duties on US-made used cars

Bowing to pressure, Customs scraps duties on US-made used cars



Santo Domingo.- The Customs Agency on Tuesday announced preferential tariffs for importers of used vehicles made in the United States, as stipulated in the CAFTA-DR free trade agreement, “provided that the formalities laid down in said Treaty are observed.

The announcement comes after several used auto importers associations on Friday accused Customs of violating the DR-CAFTA by refusing to apply the preferential tariffs and levying a 10% tax on used vehicles.

"Customs advises importers of used vehicles originating from the United States, that at no time refused them preferential tariff derived from the DR-CAFTA, provided they comply with the formalities established in the Treaty," the agency said in an emailed statement.

“The Customs Agency also advises the used vehicles importers that Memo No. 305, of January 13 this year is left without effect, through Memo No. 409, of January 15.”

Reference: Dominicantoday.com