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Labrish
Nyuuz
Customs seizes RM2.3M untaxed Ford Mustang in Sarawak
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[QUOTE="Munyaradzi Mafaro, post: 67344, member: 636"] Malaysian authorities seized a classic American muscle car worth more than 2.3 million ringgit after discovering the vintage automobile hidden behind a vacant business property in Sarawak last month. Customs officers acting on intelligence tips found the 1967 Ford Mustang Shelby GT500 covered by gray fabric near Kuala Baram on October 7, according to regional director Datuk Norizan Yahya. The vehicle lacked proper registration documents and appeared to have bypassed import procedures, Norizan said in a statement released on Sunday. Officials valued the classic Ford at 679,339.50 ringgit, with additional duties and levies reaching approximately 1.7 million ringgit. Investigators believe someone brought the car into Malaysia without obtaining the required permits from the Ministry of Investment, Trade and Industry under regulations governing passenger vehicle imports. Authorities continue examining the case under customs laws that allow courts to impose fines between 10 and 20 times the merchandise value or between 50,000 and 500,000 ringgit, whichever sum proves greater. Convicted violators additionally face potential prison terms extending to five years. [/QUOTE]
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Labrish
Nyuuz
Customs seizes RM2.3M untaxed Ford Mustang in Sarawak
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