This shows What the Strategy Of Advisory to Finance Ministry.... They Do Kalukade Musdali's Job to our country...
They will simply decide to increase the tax from 120% to 200% because this is not anything badly affected any one from top to bottom.
It is not the reason to reduce number of vehicle on the road... but people of this country well ahead to buy a vehicle even paying 120% tax but they want to reduce this to keep the dollar stable. If they really think to reduce the traffic on road why do holding car race in the commercial hub closing all the links to the city? Some are now also closing the roads even in peak hours to their easy movements wasting others time on the road...
Definitely this move will affect to reduce the vehicle import at least by 50% for second half of 2012 compare with first half... Next what happen is if the not getting required tax from the vehicle imports the definitely reduce the tax before April 2013. Then no problem how many vehicle on roads and they assume that with importing those vehicle no effect for the traffic jam on the road...
There are many dreaming to a vehicle, Now they can think it is only a dream.But the worst case goes to for those who paid the advance before 31st march and upto 3/4 months ago, They like or not have to buy vehicle now with the increase of the price minimum of Rs.500,000 to maximum depend on the value of the vehicle....
Many people including my self are blaming to regulator of the CSE/SEC for their stupidity.. Please don't do it future... Because You have now latest example of how well the leaders of our country behave top to bottom. We expecting from this type of people to make it correct any thing wrong done by CSE/SEC people...
I have doubt our leaders have not only brain but also heart?
Last edited by SL.Market on Mon Apr 02, 2012 5:09 pm; edited 1 time in total