Under drastic pandemic situation due to coronavirus, the three top Japanese auto companies have shut down their plants. The country’s auto industry has also sought bailout package from government to deal with current economic woes. The auto industry has pursued following incentives from the government i.e. no turnover tax, half of utilities bills from February to August 2020, CKD import duties will be 10 percent from February to December 2020, AMAX request for import duties will be 25 percent instead of 46 percent from February to December 2020, GST should be reduced by 50 percent from February to December 2020, reduction of 75 percent on withholding and income taxes on manufacturers authorized dealers and showrooms from February to December 2020, complete waive the demurrages and detention charges at all ports, i.e., land, air and sea, complete withdrawal of additional 3 percent additional sales tax, complete withdrawal increase in additional customs duty and 75 percent reduction in turnover tax rate on permanent basis.
