UPDATE 1-Malaysia lowers car import duty, imposes excise duty

Newswire

(Adds details, quotes) By Jalil Hamid KUALA LUMPUR, Dec 31 (Reuters) - Malaysia cut import duties on cars on Wednesday, a year ahead of schedule, but imposed excise duties of 60-100 percent to help offset the revenue fall. The changes, which had been hoped for sooner rather than later and will see import duties lowered to 70-200 percent for fully imported models and to 25-35 percent for locally assembled units, will take effect on Thursday. Southeast Asia's second biggest car market, ...

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