Latest update April 23rd, 2024 12:59 AM
Oct 27, 2014 Letters
Dear Editor,
I welcome this opportunity to clarify the obvious and grave misunderstanding that the owner of the newspaper has over my vehicle. I yield willingly to this opportunity as I feel that while ignorance of the law is not an excuse to commit an offence in the law, a certain amount of education on those laws that affects us in our day to day life can avoid us being haunted by our mistakes. Your publisher and owner of the KN would appear to be so haunted by his mistakes, so much so, that he appears now to be overindulging himself with having sensitive information leaked on various taxpayers as demonstrated by the article appearing in today’s KN under caption CG imports Prado for $1.5M.
I trust that the Institute (ICAG) is taking serious note of these developments, when and if they are required to pronounce on the complaint made against me. In the meantime I want to assure the honourable AG and honourable MP Gilbert that systems will be investigated and persons interrogated once again to discover where the leaks occur.
I first want to make it clear that taxes on imports are applied on the basis of the CIF value. The Customs value is determined by the acquisition cost and not what a comparison would look like with similar vehicles months after. As such the value of a vehicle acquired new from a showroom (Mr. Lall and the Kaieteur News ought to know this) differs significantly in value from a vehicle that is used and has a significant amount of miles on the odometer and even considerable less if acquired from a salvage firm with considerable damage. Unfortunately, my vehicle belongs to the latter category as I had done the honourable thing of buying a used salvaged vehicle at an auction at an amount I can afford. I have not chosen to hide any income and later through money laundering such income to disguise the fact that the purchase belongs to someone else and in the process commit criminal offences.
It is not ideal to purchase a salvage vehicle with extensive damage since serious mechanical and other problems develop from time to time and require further investment in repairs and maintenance.
However, as a public servant with a family to maintain I could not afford a new vehicle as many others could and was compelled to purchase a damaged vehicle.
My vehicle cannot be compared with a show room vehicle acquired by the honorable MP and AG respectively.
K. Sattaur
Commissioner-General
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