Government Suspends Customs Duty On Vehicle Kits For Five Years

This
suspension
will
also
be
in
effect
for
five
years,
from
January
1,
2025,
to
December
31,
2029.
The
SI
states:

IT
is
hereby
notified
that
the
Minister
of
Finance,
Economic
Development
and
Investment
Promotion
has,
in
terms
of
section
235
as
read
with
section
120
of
the
Customs
and
Excise
Act
[Chapter
23:02],
made
the
following
regulations:-

1.
These
regulations
may
be
cited
as
the
Customs
and
Excise
(Suspension)
(Amendment)
Regulations,
2024
(No.
277).

2.
These
regulations
shall
come
into
effect
on
1st
January,
2025.

3.
The
Customs
and
Excise
(Suspension)
Regulations,
2003,
published
in
Statutory
Instrument
257
of
2003
(hereinafter
called
“the
principal
regulations”),
are
amended
as
follows-

(a)
in
section
9V
(“Suspension
of
duty
on
semi-knocked
down
(SKD)
single
and
double
cab
motor
vehicle
kits
imported
by
approved
assembler“)
by
the
deletion
of
subsection
(7)
and
substitution
of-

“(7)
Customs
duty
is
suspended
to
a
rate
of
zero
per
centum
on
SKD
single
and
double
cab
motor
vehicle
kits
imported
or
taken
out
of
bond
by
an
approved
assembler
for
use
in
the
assembly
of
single
and
double
cab
motor
vehicles
in
terms
of
this
section
for
a
period
of
five
years
from
1st
January,
2025
to
31st
December,
2029.”;

(b)
by
the
insertion
in
section
9HH
“Suspension
of
duty
on
public
service
buses
imported
by
approved
importers”
of
following-

“With
effect
from
1st
January,
2025,
duty
suspension
shall
only
apply
to
public
services
buses
that
were
purchased
on
or
before
28th
November,
2024,
and
cleared
for
consumption
by
14th
February
2025.
Thereafter
the
suspension
of
duty
provided
under
this
section
shall
cease
and
duty
shall
be
payable
on
all
public
service
buses
imported
into
Zimbabwe.”

(c)
in
section
9KK
(“Suspension
of
duty
on
semi-knocked
down
(SKD)
bus
kits
imported
by
approved
assembler”)
by
the
deletion
in
of
subsection
(2)
and
substitution
of-

“(2)
Customs
duty
is
suspended
to
a
rate
of
zero
per
centum
on
SKD
bus
kits
imported
or
taken
out
of
bond
by
an
approved
assembler
for
use
in
the
assembly
of
buses
in
terms
of
this
section
for
a
period
of
five
years
from
1st
January,
2025
to
31st
December,
2029.”