Chinese Electric Vehicles Evade Rs 25.8 Million in Customs Duty
Summary
Chinese Joylong electric vehicles have evaded Rs 25.8 million in customs duties in Nepal by fraudulently declaring microbuses as minibuses to pay lower taxes, according to the Auditor General's report.
Key Points
- Joylong electric vehicles evaded Rs 2.5844 crore in customs revenue by misclassifying microbuses as minibuses to benefit from lower taxes.
- Joylong imported E-4, E-5, and E-6 models with foldable seats counted to artificially increase passenger capacity for tax classification.
- Customs officials neglected thorough inspections, failing to verify vehicle classifications and documentation properly.
- The Auditor General has ordered reclassification of these vehicles and recovery of evaded taxes including penalties from the importing company, VG Motors.
