Following the allegations of under-invoicing against Morris Garages (MG) Pakistan, the Federal Board of Revenue (FBR) has ordered an audit of its import records.
As per a media report, the official statement declared,
The FBR has reviewed the issue of under-invoicing of MG Motors on imported vehicles. The declared value and sale price of the vehicle do not indicate under-invoicing.
It also mentioned that an audit of the importer’s record can reveal the issues if there are any. Therefore, the matter is being referred to the Directorate General of Post-Clearance Audit for in-depth review and report.
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The report also contained a discussion with a buyer of the MG’s brand new SUV called the ‘MG HS’, who stated, “I bought the new MG HS SUV from a dealership in Lahore. I had the vehicle’s invoice (receipt) with me, but the Excise Office needed a document called Bill of Lading (BL) for the vehicle’s registration. I was given the document from the company upon my request, but one strange thing that I noticed on the document, was that the price was hidden by a black marker.”
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A media outlet had revealed that the FBR is investigating MG for an alleged under-invoicing scam. As per the report, MG Pakistan had imported 400 Completely Builtup Units (CBUs) of the HS SUVs from China, and had declared the customs value of the vehicle as $11,632, which was “massively understated”. It added that the vehicle is being sold in other countries for over $27,000.
While MG Pakistan and its key-stakeholder Javed Afridi maintain that the company is truthful and that the stories of under-invoicing are “baseless rumors”, a deeper probe by the Directorate General of Post-Clearance Audit is expected to uncover the facts within a few days.
IS AFRIDI KA KOI BHI KUCH NAHI KAR SAKTA : FBR BHI
ISKI INCOME OF SOURCE KAHA KAHA SE HAI SUBKO PATA HAI
kahan kahan sy hy? hamain bhi batao bhai.
Nothing good will come out of it as the man is a regular visitor and crony of our sadiq and ameen
Wether right or wrong actions are initiated against poor r opponent only
Enjoy the RIA……..M….
You don’t need any expert on this issue. If the import price is different from the orignal export price then just put him in jail.
Stop this drama story for nothing. If someone have taken bribe or asking now for bribe then catch him too.
FBR should stop complicating this type of issues and should close the door for BRIBE forever
Well the so called “BIG Three” have started showing their existence and resourcefulness…. Yes…. Every threat shall be dealt with an iron fist….. No matter what this afridi guys does for his income…. Ain’t a concern for anyone…. But the most unfortunate thing which I noticed was that the “puppies” of Toyota honda and Suzuki started howling as soon as their “dadies” are being challenged and their “fair” monopoly is in danger….. Most unfortunate….
The local auttomobile Mafia is threatened by all these new entrants and feel insecure about it’s future.
On the other hand if there is any truth in this, not Afridi but the people who took the bribe for the clearance of 400 units should be taken to task.
Indirectly pressure is creating on MG to import more vehicles, no one can uphold the ground of oligopolists in our country coz we are happy with Honda, Suzuki and Toyota.