Authorities seize 775 EVs amid probe into possible budget tax leak
Summary
Authorities in Nepal seized 775 electric vehicles imported through the Korala border amid an investigation into suspected tax evasion linked to recent budget tax rate changes.
Key Points
- Authorities seized 775 electric vehicles imported via Korala border in Mustang district during tax evasion investigation.
- The vehicles were suspected to have been imported ahead of budget-induced tax hikes effective in fiscal year 2026-27.
- Officials suspect collusion among customs officials, clearing agents, and traders to clear vehicles before new taxes.
- Seized vehicles are being handed over to customs for further investigation following interception by security personnel.
