Kathmandu. Most of the EV entrepreneurs imported a large number of vehicles saying that the Finance Act-2082 could increase the tax on electric vehicles before May 15, 2082. Most of the EV importers passed more than 5,000 EV customs checks, saying that they could increase the tax like the Finance Act 2081.
Due to the lack of increase in tax on EV vehicles from the Economic Act, a large capital of businessmen has been trapped. It can be estimated from the data that only a limited number of businesses have received information about the tax rate change on the night of May 15. Because Symex Inc. Pvt. Ltd., which sells the most EV vehicles, has passed only a small number of vehicles.
According to finance ministry sources, Cymex Inc, which sells BYD, had stocked 1,498 vehicles in the last fiscal year. But this time only 450 vehicles have been stocked. The company imported 3,535 vehicles in the last fiscal year.
According to sources, the company has imported fewer vehicles after receiving information from the Finance Ministry in advance. It has been seen that some companies have received information in advance that there will be no increase in taxes on electric vehicles. There is a clear basis that the Ministry of Finance has provided information to some businessmen.
Only a few vehicles of Omoda and J sold by Sharda Group have been imported. According to the Ministry of Finance, only 43 Omoda vehicles and seven vehicles of J were released before May 14.
Paramount Motor has imported the highest number of vehicles among EV importers. The company had imported 676 MG vehicles before the budget. Similarly, the company had imported 376 vehicles in the month of April. In the last two months, the company has imported 1,052 vehicles. According to the customs department data, MG is the most number of vehicles left out due to increase in taxes.
The company imported 896 vehicles last year. Sipradi Trading Pvt. Ltd. is the second largest importer of cars. The company had passed customs checks on 635 EV vehicles, saying that the tax could be increased from the budget. The company had also missed 201 vehicles in the month of April.
Laxmi Intercontinental is also among the importers. The company had imported 450 vehicles before the budget. The company has also imported more than 100 EVs of Kaiyi brand. The Dongfeng EV sold by MAW has also been imported more. The company has cleared 416 vehicles before the budget.
The company had imported 354 vehicles last year. A total of 265 vehicles of The Depal brand sold by the same company have been imported. The company had imported 700 vehicles last year.
Similarly, 265 leafmotors imported by Shangri-La Motor have been imported. Last year, the company imported 122 vehicles. Similarly, 144 vehicles have been imported from GAC vehicles. Last year, the company imported 154 vehicles. A total of 100 proton vehicles sold by Jagadamba Automobile Pvt Ltd have been imported.
The company had imported 50 vehicles in the month of April. JM EV had imported 150 vehicles in the last two months, saying it could increase taxes. A total of 46 citron vehicles have been imported before the budget. Similarly, 190 maruti imported goods including Jiker 27, Volt 14, IM6 10, Dion 30, Skywell 77, Expeng 54, Ceres 34, Mahindra 29, Toyota 32 Nishan 7 and Maruti 190. In the budget, a large number of companies that imported vehicles on the pretext of taking advantage of taxes have got a huge capital stuck. An auto entrepreneur said, “The Finance Ministry has trapped us by giving information for limited businessmen, if a vehicle has to be reared for more than six months, then the cost will be more than Rs 2 lakh. ”
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