Reconditioned car imports surged by more than 75 per cent year-on-year in July-October despite the ongoing economic uncertainty and the government’s efforts aimed at discouraging the purchases of luxury items from external sources, traders say.
Importers were rushing to complete procedures for getting reconditioned vehicles released from the Chittagong and Mongla ports fearing hike in import duties in the budget to be announced today.
Reconditioned car imports surged by more than 75 per cent year-on-year in July-October despite the ongoing economic uncertainty and the government’s efforts aimed at discouraging the purchases of luxury items from external sources, traders say.
Importers were rushing to complete procedures for getting reconditioned vehicles released from the Chittagong and Mongla ports fearing hike in import duties in the budget to be announced today.