Tags locally-manufactured auto parts Ministry wants to reduce tax on locally made auto parts Wednesday, Feb 20, 2019 The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars. MoF urged to revise automobile industry laws Tuesday, Feb 13, 2018 The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.