UGANDA’S TAXMAN ADJUST PRICES SOUGHT FOR VEHICLES ON AUCTION TO CLEAR PARKING AREA

KAMPALA, The Uganda Revenue Authority (URA) has revisited the prices for motor vehicles, motorcycles and other items which it is asking for at a public auction.

About 250 motor vehicles, 40 motorcycles and a consignment of assorted items were disposed of in a grand auction at URA headquarters in Nakawa Wednesday. Fiona Nyamurungi, the URA manager for warehousing and the supervisor for items on auction, said this was an extraordinary exercise to clear all vehicles in the parking yard.

"We unearthed the tricks unscrupulous car dealers use to foil other potential buyers through bidding highly but failing to pay for the cars at the end of the auction," said Nyamurungi.

Vehicles set for public auction are those which have not been cleared beyond the 270 days in Customs bonded warehouses and those impounded for transporting contraband. Others were seized for having foreign registration number plates from neighbouring countries and the owners failing to prove ownership and how they entered the country.

Others were foreign-registered cars which had been in Uganda beyond the maximum period of three months.

Nyamurungi said the 2005 East African Community (EAC) Custom Management Act empowers the URA to seize cars with foreign registration number plates which are in the country illegally.

Source: NAM NEWS NETWORK