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The selection and placement of stories on this page were determined automatically by a computer program. He said business of importers of Japanese used cars started to collapse when evidence of massive under invoicing was uncovered and officials of the Customs Excise Department and the Ministry of Finance started to crack down.

We knew that the under invoicing was going on from very early, Hill said. We were the first to bring in used cars in, and we could tell because the other people were buying from the same places as us, but they were quoting lower prices to customs. Hill said that with the assistance of the Toyota Corporation in Japan, they were able to track some of the vehicles by engine and chassis numbers, and discovered they had been bought from a number of dealers in Thailand and shipped to Barbados. In one case, the certified invoice from the Thai agent showed the vehicle had been bought for bahts the official currency of Thailand, approximately US, while the value declared to customs in Barbados was US. Practices like that caused the authorities to scrutinise everyone with a fine tooth comb, and many of them could not make the kind of profits they were making before, Hill added.

McEnearney Quality CEO Mark Hamilton agreed, charging that rampant manipulation of invoices by some dealers made it Clobetasol gel propionate for his company’s used car division CarMax to compete with used cars they had also imported from Japan. CarMax now trades entirely in local used cars.

I can pull a file for you to show the many Diana krall ticket of invoice manipulation by some of these dealers that we have been able to uncover.

In, the report stated, new cars were imported. However, while the total duty paid in on cars was million, in Government was able to collect a mere million from nearly cars, the bulk of it from new cars the sales of which had been cut by more than half. Used car sales jumped back to in, College manning peyton new car sales, but the decline in duty paid on used cars continued, industry sources revealed.

Before we left office we had agreed to reduce the levy to per vehicle down from. Hill said he believed there was still a demand for used cars since many Barbadians couldn’t afford new vehicles. He said that Government should put more stringent rules in place before facilitating any resurgence. Simpson said her company’s position was that consumers would be better served by reduced duties on new vehicles to make them more affordable. Last week Prime Minister David Thompson revealed that Government was reviewing the state of the used car business. .