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Importer of Dudley’s Rolls-Royce slapped with Rs. 70m penalty for wrong declaration; ordered to pay Rs. 370m in taxes
Importer of Dudley’s Rolls-Royce slapped with Rs. 70m penalty for wrong declaration; ordered to pay Rs. 370m in taxes
⭕ Rolls-Royce Phantom was declared as a Phantom Auto but was found to be a Phantom Auto EWB, Customs sources. - Ecconomy Next
⭕ Officials said the declared value was £417,000 in the UK 🇬🇧, including a 20% tax, based on the Phantom Auto model.
⭕ Customs checks found the vehicle’s length and wheel size exceeded the Phantom Auto specification.
⭕ The car was identified as a Phantom Auto EWB, valued at about £479,000 in the UK 🇬🇧, including a 20% tax.
⭕ Sri Lanka 🇱🇰 Customs slapped a penalty of about 70 million rupees for the wrong declaration.
⭕ The importer was ordered to pay about 370 million rupees in total, including the penalty.
⭕ The import gained attention after Dudley Sirisena said online the vehicle he bought was one of only 25 produced worldwide.
⭕ According to Customs sources reported by Ecconomy next if the car is later found to be a Phantom “Centenary” model, tax alone would exceed 1 billion rupees.
Sources
- Original post on X — Numbers.lk (@numberslka)