10,000 luxury vehicles imported last year.
Islamabad -- During last year, around 10,000 luxury vehicles have been imported by M/S MG Motors, Pakistan.
The vehicles were highly under invoiced. Most interestingly the declared value of a complete vehicle was drastically less than even the CKD kits of the same vehicle in CBU form. That interestingly means that a vehicle in finished form was cleared at a value even less than its unassembled components at Karachi Port.
Azam Khan and Mr. Tariq Huda acted in close collaboration to extend illegal benefit to Javed Afridi (MG Motors) and their close nexus was well known during the previous regime. Accordingly, Tariq Huda being Member personally pressurized the officers at Customs clearance Collectorates in Karachi who resisted for such clearances to ensure that the vehicles are cleared at the highly under-invoiced declared value. The loss due to under-assessment is around Rs. 8-10 Billion.
Initially over 1000 vehicles were cleared on verbal directives of the Member operations at declared value of MG vehicles @ $ 11000 per CBU.
At Lahore Dry Port the CKD kits of the same vehicle was being cleared @ $16000 per...
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