Thursday 19 October 2017
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thefinancialexpress
4 months ago

SD hike to affect growth of local automobile assembling industry

The hike of supplementary duty (SD) on completely knocked down (CKD) items in the proposed budget will hinder the progress of local assembly industry. In the proposed budget, duty for CKD vehicle has been fixed at 148.30 per cent from existing 104 per cent duty. The 48 per cent rise in duty and difference of 64 per cent in tariff between CBU and CKD would lower the growth investment opportunities in this sector as local companies would lose their interest for car assembly by installing own plant. Some of

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