FRCA to monitor customs duty imposed on hybrid vehicles
December 29, 2016 9:17 pm
The Fiji Revenue and Customs Authority will be strictly monitoring the recent customs duty imposed on the importation of used or reconditioned hybrid vehicles in the country.
Chief Executive Officer, Visvanath Das says a team from FRCA will be out on the field pre-duty and post-duty imposition to ensure motor vehicle dealers are adhering to the duty rate changes announced earlier this month.
Das says this is a reminder to all motor vehicle dealers that for used or reconditioned hybrid motor vehicles that have been cleared under duty concession prior to 1st January 2017, the concessionary rate granted is to be reflected on the price of the same when sold.
He says the authority is issuing a stern warning to dealers that a Customs Infringement Notice will be issued if motor vehicle dealers are found abusing the system.
Das adds that offenders will be fined up to $50,000.