Khawaja Asif alleges MG Motors Vehicles import through under-invoicing
Member Public Accounts Committee (PAC) Khawaja Asif has alleged the import of 10,000 CBU MG vehicles through under-invoicing.
However, no action has been taken against them so far.
The Federal Board of Revenue (FBR) Chairman informed a parliamentary panel on Wednesday that the process of verifying under-invoicing by MG Motors is going on despite the Chinese government having certified claims.
The allegation of under-invoicing by MG Motors echoed on Wednesday in a parliamentary panel following a question raised by Khawaja Asif.
Responding to his allegation, the Chairman Federal Board of Revenue (FBR) said that the Chinese government certified the claims of MG Motors, however, manufacturers did not testify to the claims.
MG Motors Vehicles Clearance
“We cleared MG 2000 units provisionally which parked on the port for eight months, however, verification is ongoing”, he added.
Member Committee Khawaja Asif said those car manufacturers were very powerful and had a big say in politics by sitting in parliament. He said the government was not discouraging the import of luxury vehicles when it had to make repayment of $12 billion debt by April 2022.
Ministry of Industries and Productions has convened a meeting with auto vendors on Thursday to seek justification for the sudden increase in the prices of cars and SUVs.
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A monitoring committee constituted under new auto policy 2021 headed by Secretary Industries and Productions has scheduled a meeting with representatives of auto manufacturers to find out the hike in the cost of production including raise in international fridge charges and shortage of chips.
Secretary Industries informed the Public Accounts Committee (PAC) which met here on Wednesday under chairman Rana Tanveer Hussain. Chief Executive Officer (CEO) Engineering Development Board (EDB) briefed the members of the committee on various incentives and standards offered to greenfield investors in auto sector players under Automotive Development Policy 2021.
Deletion Program
Members committee grilled the officials of the Ministry of Industries on the non-implementation of the automobile industry deletion program to provide vehicles to the nation at affordable prices and import.
The Chairman committee expressed its utter displeasure over the failure to introduce various standards in the locally produced cars, he said the prices of cars were increasing, delays in delivery of vehicles, and incidents of own money on cars were increasing.
CEO EDB said that international standard PSQ would be phase-wise as 15 standards in cars were mandatory after July 2022 out of 150. He further said that the new auto policy had guaranteed incentives for localizing which would help to boost the export of vehicles.
