SATURDAY, 15 DECEMBER 2012![logo]()
It is reported that Carlton Motor Sports Club has imported 19 motor cars including Lamborghini, Italian luxury and super sports cars at a cost of nearly hundred million rupees (Rs.93,366,272). The luxury cars have been taken away from the port without paying any taxes.
When importing goods Port and Airport Development Levy (PAL), Customs duty, VAT and Nations Building Tax (NBT) are levied. However, none of these taxes have been paid and the amount the country has lost is more than Rs. 202,231,439. Despite tax has been withdrawn for racing cars, the custom levy has to be paid. The President removed taxes for racing cars in his 2013 budget.Thirteen of the nineteen racing cars have been removed on 11th December paying Rs.2500 as service charges.
Among the cars that have been imported are Porsche – 3900 CC from Japan, Aston Martin -3500 CC, Nissan Fairlady -3500 CC and Honda Civic – 3500CC from Malaysia, two Lamborghini Callardo – 4961 CC motor cars from Hong Kong and Macau. Thirteen cars have been imported from Toyota Kirloskar Motor Private Limited in India. Among the cars imported from India are brand new Etios Motor Racing Cars with 1496 cc capacity and 1197 cc capacity.
The motor cars are imported by Gac Logistics ltd for Carlton Motor Sports Club on Carnet scheme which permits the temporary importation of private vehicles. Carlton ahs made use of this loophole to get down vehicles and custom officers say there is no guarantee that the cars would be taken back as required by the law. According to the regulation the vehicles have to be returned to the country of origin within five months. However, this period could be extended. Custom officers are randomly transferred on political needs so that the mass scale racket could be concealed say customs sources.
2 Lamborghini racing cars – Rs.13,672,565
1 Porsche – 3900 CC – Rs.6,120,100
1 each Aston Martin -3500 CC,
Nissan Fairlady -3500 CC
and Honda Civic – 3500CC – Rs.25,782,550
13 Etios Motor Racing Cars – Rs.47,791.057
Posted by Thavam
