KATHMANDU, Jan 30: The Department of Revenue Investigation (DRI) slapped a cash fine of more than Rs 2.42 million on 19 firms for not abiding by the government rule under Vehicle and Consignment Tracking System (VCTS) to evade tax.
According to the DRI, these firms were found transporting goods without filing the details in the VCTS. The department found the misconduct in a cross checking of 85 shipping vehicles at Dhunge Adda and New Road of Kathmandu last week.
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These firms were fined a cash amount between Rs 25,000 and Rs 1 million. Baglamukhi Stores was fined Rs 1 million, the largest of all. Himgiri Trading Concern paid Rs 600,000 in fines and Modern Slipper Industries, Subha International Garment and Om Shree Machchhindranath Brick Factory each paid Rs 100,000 in cash penalty.
The government has launched the web-based system to keep track of the whereabouts of the cargo carrying containers and trucks since mid-July 2019. The system is targeted for minimizing the possible revenue leakages via smuggling of goods.
Under the system, traders need to submit details of the goods they are shipping from one place to another. According to the department, the traders need to provide details of the customs declaration, types of goods and their respective quantities, registration numbers of the vehicles carrying the cargo and the profiles of the drivers online.
