Auditor General flags Vishal Group in EV customs duty evasion case
▸ Part of: Auditor General Flags Vishal Group in EV Customs Duty Evasion Case
The 63rd Annual Report of the Office of the Auditor General implicates VG Motors, the automotive arm of Nepal’s Vishal Group, in alleged customs duty evasion involving imported electric vehicles. The report claims the group benefited from underreporting the motor capacity of imported EVs to secure lower tax rates, recommending an investigation and recovery of Rs 980.5 million in unpaid taxes. Similar issues were identified with other EV models, including the "Nami Box" and Zeekr X, potentially leading to significant revenue losses.
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