Uganda Revenue Authority (URA) had said it has almost completed the process of closing the Coin motor vehicle bond in Nakawa, Kampala.
URA, on April 13 directed motor vehicle importers and owners to remove any unit that had been unsold at the time within 10 days.
However, the 10-day ultimatum elapsed on Sunday April 23, yet the bond still holds a number of motor vehicle units.
Yesterday, Mr Ibrahim Bbosa, the URA assistant commissioners for corporate and public affairs, told Monitor that majority of the motor vehicles had been removed, save for about 60 trucks that were still bonded at Coin at the start of this week.
“Coin [motor vehicle] bond is in the process of closing and taking out units through a process called bond-to-bond where units are registered … from the originating bond to the bond of the client’s choice,” he said, noting that there were only 60 motor vehicle units left in Coin at the start of this week.
However, Mr Bbosa had by press time not replied to our inquiry relating to when URA expects all motor vehicles to have been removed given that it is almost a week since the notice was issued on April 13.
But sources, who asked to remain anonymous because they are not authorised to speak on behalf of URA, said URA, even as it had provisioned for only 10 days, had requested for 60 days from the landlord, within which it expects all vehicles and any other business to have been removed.
Coin is one of the largest bond for used motor vehicles, along Jinja Road in Nakawa.
Initially, Mr Bbosa said, Coin had been on a consolidated three acres of land that could comfortably accommodate more than 680 motor vehicle units, among them trucks, saloon cars and station wagons.
