The Ministry of Commerce stated that 53 more Electric Vehicles (EVs) arrived at the Yangon Port.
Under the approval of the national-level steering committee on the development of electric vehicles and related businesses, 15 EVs were imported by Essential Motor Co Ltd and 38 by Grand Sirius Co Ltd. They have been picked up from the port in accordance with the rules and regulations on 11 March. The imports of EVs have been relaxed from Customs tariffs as well.
On 7 March, ten EV chargers (60 kW) made in China and imported by Asia Pacific Automaker Corporation Co Ltd were also collected at the Myanmar Industrial Port in line with the rules.
Myanmar has been bringing in battery electric vehicles (BEVs) under the Customs tariff relaxation by see and through land borders, according to the MoC.
On 3 March, a fleet of 30 Dongfeng EVs imported by Asia Pacific Automaker Corporation Co Ltd arrived at the Muse 105th Mile trade zone in northern Shan State. They are allowed to be withdrawn as per rules and regulations. Furthermore, 19 EVs (BYD) imported by Earth Renewable Energy Co Ltd also arrived at the Hteedan port. They were also claimed in line with the procedures.
Chindwin Shan Co Ltd also took out five 7 kW GB AC chargers for EVs on 21 February 2023 from the port terminal. The importation of the EV charger is exempted from Customs tariffs with a view to enhancing the EV sector in the domestic auto market.
Myanmar Investment Commission also mentioned that electric vehicles and related businesses will be promoted as the priority sector, as per its notification dated 15 February.
In the exercise of the power conferred under Sections 43 and 100 (B) of the Myanmar Investment Law, the MIC issued this statement with the approval of the Union Government.
Enterprises executing installation, manufacturing and restoration services of EVs, renewable electricity generation, EV charging service businesses, electric vehicle battery production, EV battery and related service businesses, electric bus operation services, electric taxi and transport service businesses and scientific research development businesses are included in those priority sectors.
During the establishment and conceptualization phase for incorporation and operations, those businesses can seek permits from the MIC to enjoy tariff relief or zero-Customs tariff status and the exemption for other taxes levied in the country under Section 77 (A) of the Myanmar Investment Law and income tax exemption under Section 75 (C) of the Myanmar Investment Law for imports of machinery, essential equipment and accessories, spare parts and construction raw materials that cannot be found in domestic markets.
Battery electric vehicles (BEVs) are entitled to the zero-Customs tariff status, according to the notification released in early November 2022 by the Ministry of Planning and Finance.
In order to encourage the number of EV users and improve related businesses, tariffs of battery electric vehicles (BEVs) imported under Completely Built Up (CBU), Completely Knocked Down (CKD) and Semi-Knocked Down (SKD) under the Customs Tariff of Myanmar 2022 were reduced to zero per cent according to the decision of the Union Government.
Types of BEVs include road tractors for semi-trailers, buses or motor vans for the transport of ten or more people including the driver, trucks, motor vehicles for personal use, three-wheeled vehicles for the transport of persons, three-wheeled vehicles for the transport of goods, electric motorcycles, electric bicycles, ambulances, prison vans and hearses.
According to this directive, the imports of spare parts (for instance, charging station equipment and devices) with the recommendation of the Ministry of Electric Power and the Ministry of Energy and spare parts with the recommendation of the Department of Industry can be done between 2 November 2022 and 31 March 2023. — NN/EM
