Ministry of Commerce released a directive stating the rules for imports of Battery Electric Vehicles (BEVs) and showrooms. During the pilot project, the import companies of EVs must register with the Directorate of Investment and Company Administration (DICA). They have to submit the sales contract with each EV manufacturer. The importers must abide by the standards and import quota set by the national-level steering committee on the development of electric vehicles and related business.
The companies also need to pay 50 million Kyats at the designated banks and present the bank guarantee. The showroom operators must present a certificate of non-tax delinquency provided by the Internal Revenues Department and need to add 100 million Kyats to a special account of the authorised banks as a guarantee.
Only vehicles with left-hand drive can be imported. The models for private vehicles are set to be one year older than the current year. The showroom operators can import the vehicles in line with the auto import policy issued every year. Additionally, motorcycle showrooms also need a bank certificate with a 50 million Kyats deposit at the authorised bank. The imported motorcycles must be the ones manufactured within the last two years.
