| In its review of the next year (starting March 21, 2005) budget bill, the Majlis on Wednesday decided to reduce the tariffs on the car imports to 100%. The decision made in the open session of the Parliament was said to be aimed at paving the grounds for foreign car imports to facilitate the enhancement of the qualities of the domestic cars, optimize their fuel consumption rate, improve the public transportation system as well as reduce the public transportation costs, Mehr news Agency (MNA) reported. As decided by the legislatures, the vehicles should be brand new and comply with the latest world and national standards, the report also noted. According to the Majlis ratifications, imposition of a maximum of 100% tariff on the passenger cars and 20% at most for the buses, minibuses and trucks is mandatory. The importers of the vehicles should also provide the required after-sales services. |