The Federal Board of Revenue (FBR) is said to have increased the assessable customs value of MG vehicles by 14.5 percent, from $ 11,632 to $ 13,314 per unit, using the “Fall Back Method” as given under section 25(9) of the Customs Act, 1969.
According to official documents, an audit of the importer M/s JW SEZ (Private) Limited, Lahore was initiated in response to FBR directives conveyed via Model Customs Collectorate of Appraisement & Facilitation (East), Karachi’s letter of February 17, 2021, regarding the phenomenon of under invoicing in import of MG HS vehicles imported by M/s JW SEZ (Private) Limited and supplied by M/s SAIC Motor International Co., Ltd., China in the backdrop of alleged invoicing scam.
