Importer of Dudley’s Rolls-Royce slapped with Rs. 70m penalty for wrong declaration; ordered to pay Rs. 370m in taxes
Rolls-Royce Phantom was declared as a Phantom Auto but was found to be a Phantom Auto EWB, Customs sources. - Ecconomy Next
Officials said the declared value was £417,000 in the UK
, including a 20% tax, based on the Phantom Auto model.
Customs checks found the vehicle’s length and wheel size exceeded the Phantom Auto specification.
The car was identified as a Phantom Auto EWB, valued at about £479,000 in the UK
, including a 20% tax.
Sri Lanka
Customs slapped a penalty of about 70 million rupees for the wrong declaration.
The importer was ordered to pay about 370 million rupees in total, including the penalty.
The import gained attention after Dudley Sirisena said online the vehicle he bought was one of only 25 produced worldwide.
According to Customs sources reported by EcconomyNext if the car is later found to be a Phantom “Centenary” model, tax alone would exceed 1 billion rupees.
https://economynext.com/sri-lanka-c...-royce-phantom-over-model-gap-sources-258460/
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https://economynext.com/sri-lanka-c...-royce-phantom-over-model-gap-sources-258460/
#SriLanka