Bajaj Allianz General Insurance
So, you have bought the car of your dreams. You saved every extra buck from your hard-earned money to meet your goals, and researched the car market thoroughly to ensure that you are investing in the best possible four-wheeler for you and your family. But, what about maintaining your car and ensuring that you protect it against any untoward harm in the future?
This is where car insurance steps in. A third-party liability motor insurance is a necessary mandate from the Government of India for any passenger or commercial vehicle plying on Indian roads. Considering that the road is always an unpredictable place where accidents, carelessness and sheer bad luck can bring harm to you and your vehicle, a good car insurance policy is a must to protect you against any damages caused to life and property.
FBR Ordered to Auction Non-Cleared Stranded Vehicles at Karachi Port
Federal Tax Ombudsman (FTO) has directed FBR to expedite the auction of a substantial number of non-cleared stranded vehicles at Karachi Port, which were imported in violation of SRO issued by the Ministry of Commerce.
The subject vehicles were imported under Personal Baggage, Transfer of Residence, or under Gift Schemes. According to the Customs Act, if goods are not cleared from the port within twenty days of arrival, they should be removed from the port and sold in the auction.
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Federal Tax Ombudsman’s Own Motion decision states that failure to timely arranging an auction of vehicles lying un-cleared prima facie is a systemic issue of maladministration, and it appears that FBR had failed to put in place a system whereby vehicles cleared from the port are not timely listed in the Auction Schedule.