Home ›› 18 Oct 2022 ›› Front
The Z&Z Intimates Limited, a strategic business unit of the Ananta Group, has been ordered to pay Tk 85 crore to get the much-talked Rolls Royce worth Tk 27 crore.
The Chittagong Customs House Commissioner Mohammad Fyzur Rahman gave the order on 12 October in a case filed by the Customs Intelligence and Investigation Directorate (CIID) against the car importer for evading import duty.
According to a copy of the judgement seen by The Business Post (TBP), the custom house found evidence that the Rolls Royce was smuggled into the country.
The commissioner, in his judgement, fined Z&Z Intimates Tk40 lakh for the crime.
In addition, it will have to pay an additional Tk56.60 crore as penalty and Tk 28.29 crore as duty and taxes.
The duty and taxes for the Rolls Royce were fixed at the rate of 25 per cent custom duty, 500 per cent supplementary duty, 3 per cent regulatory duty, 15 per cent VAT, 5 per cent Advance Income Tax and 5 per cent AT.
Z&Z Intimates have been given 30 days to pay the fine, according to the judgement. However, the Ananta Group has the option to appeal against the verdict at Dhaka Customs, Excise & VAT Appellate Tribunal. CIID on July 6 seized the brand-new Rolls Royce from a house in Dhaka’s Baridhara for violating customs rule, after it was released from Chattogram Export Processing Zone (EPZ).
According to a CIID statement, Z&Z Intimates violated the Customs Act by illegally hiding the vehicle, imported from the United Kingdom, in a garage at the residence of the company’s managing director without paying import duties, which cost the government Tk 24 crore in revenue.
According to the CIID, a bill of entry for the 6750cc car was submitted to the customs on 27 April, but the vehicle was never assessed and the customs clearance process was not complete.
Later the vehicle was illegally removed from the Ctg EPZ on 17 May.
According to the National Board of Revenue, the duty-free facility is applicable for imported cars with engine capacity of up to 2,000cc.
