A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Thursday, June 15, 2017
Yahapālanaya Suppresses Investigation Of Rs 16 Billion Duty Free Vehicle Permit Scam Involving Govt Servants And BMW Importer
Sri Lanka Customs has
suppressed an inquiry into a 16 billion rupee tax revenue fraud
involving government servants and the BMW motorcar importer, Prestige
Automobiles, Colombo Telegraph can reveal today.
According
to documents in the possession of Colombo Telegraph, Customs had
inquired into the importation of 1728 brand new BMW vehicles under the
concessionary duty permits issued by the government for the public
servants between 2011 and 2014.
The Central Investigation Bureau of the Customs (CIB) elicited
evidence in May 2016 to the effect that the subject 1728 brand new BMW
vehicles imported through Prestige Automobiles, Colombo in the name of
various permit holders were in fact imported not by the permit holders
themselves but by third parties who are not entitled to avail of duty
concessions offered to public servants by the Government. It has also
been found that the value of the Imported vehicles disclosed in the
commercial invoices, proforma invoices and the CusDecs, tendered to
Customs by declarants in the names of permit holders are not the actual
transacted values for the vehicles in question.
CIB
estimates that the loss incurred by the government on account of this
fraud is estimated to be over 16 billion rupees, Rs 16,263,535,365.00 to
be exact. (see the document below)
Prestige
Automobiles, Colombo, the authorised representative of the BMW AG
Germany, has not provided the invoices with true market value to the
Customs for the cars imported on tax concessionary permits and had
instead had submitted fictitious invoices through another German company
called Navigare International which, established by the same founder
member, Heinz Adolf Reuter – Chairman and Managing Director of Prestige
Automobiles, Colombo.
Surprisingly
on 21st of May, 2016 the Director of Customs had instructed all
officers to postpone all inquiries and investigations with regard to
valuations of motor vehicles.