Myanmar’s Vehicle Import Supervisory Central Committee recently announced that new revaluation rates on cost, insurance and freight (CIF) for imported cars will take effect on January 1. Since these rates provide the basis for tax calculation of imported vehicles, changes in such rates can ultimately affect motor prices. According to the announcement, the CIF revaluation […]
1,300cc car engines still in high demand despite drop in 1,500cc price, dealers say
December 27, 2013 by
Dealers put the brakes on car imports
December 23, 2013 by
An expected drop in import costs set for January has left thousands of imported vehicles sitting in containers at Yangon Port as dealers fear that bringing them into the market now could result in losses. Officials said that sellers are expected to impose a reduction in transportation and insurance costs to dealers termed Cost, Insurance […]
