Senior Multimedia Reporter
peter.christopher@guardian.co.tt
Conflicting information between legal notices and international classification codes led to last’s week’s sudden reclassification of the mild hybrids.
This was the revelation which emerged following a third meeting this week between the Trinidad and Tobago Automotive Dealers Association, the Ministry of Finance and Customs officials on yesterday.
“Although it was contradictory, contradicting one another, the legal notice and the code, the classification code, we have to reach a middle ground on this. So, this is what the minister has told us. Now, he has to reach a middle ground and that everybody would be able to be a winner in this situation,” said Babwah, outside the Ministry’s office at the Eric Williams Financial Complex, the Twin Towers in Port of Spain yesterday.
Babwah, however, was confident that the Minister would act urgently to address the issue, although he could not give a timeline for resolution.
“Because it’s a legal notice and the minister can’t issue that on his own. He has to now go to Cabinet and they will have to approve that. They will have discussion and then they will have to issue that legal notice,” said Babwah,” adding: “So, again, the discussion centred around that, but he could not give a commitment, so to speak, a commitment as to what would happen. But what he did indicate was that it would be a win-win situation for everyone.”
Last week several mild hybrids were re-classified to exclude them from hybrid tax concessions, leading to several popular vehicles, such as the Toyota Hyrider and Taisor and the Suzuki Fronx, Grand Vitara, Swift, Ertiga, and XL7 increasing in prices by tens of thousands of dollars
TTADA vice president Rhondall Feeles also shared optimism that the right decision would be made for dealers who had ordered vehicles before the sudden adjustment.
“The thing I’m very grateful for is that Customs and the Ministry understand,” said Feeles, “I feel more confident after the meeting today that something is going to be done when it comes to those persons who have ordered their vehicles and vehicles are ready on the port.”
Like Babwah, Feeles felt the Ministry had given the dealers a level of assurance due to the willingness to urgently meet and discuss the situation.
“We can’t preempt exactly what is going to take place, but we could guarantee that we all left that meeting in agreement that there was some level of contradiction between the legal notice, which would have guided importers, and the now reassignment, which was done by the World Customs Organization. And that is a very big win in our favour, I would say, that we’re standing on similar grounds with Customs and the Ministry when it comes to that.”
