Imported cars a year older than permitted model to confiscate

Imported cars that are one year older than the permitted model year in 2017 will be confiscated, said an official from the Customs Department. Earlier this year, cars that are a year older than import permit were shipped into Myanmar. The Customs Department allowed the car importers to take their cars after paying fines. After […]

Customs claim Ks 140m of seizures

Within 10 days in early November, about Ks 140 million (US$140,000) worth of contraband, including garment-factory materials and bracelets assumed to be made from jade, were caught at airports, ports and borders, according to the Customs Department. At Yangon International Airport, approximately Ks 1.9 million worth of commodities were confiscated. In one case, Ks 1.5 […]

Police vow to investigate financial crimes

The police are clamping down on financial crime and money laundering but urged the revenue authorities to provide more information on instances of tax evasion. A high ranking police official has insisted that the police will follow up on information regarding financial crime and has so far investigated 46 cases of money laundering involving drug […]