Days after agents at the Guyana Revenue Authority took control of a vessel which entered Port Georgetown and failed to disclose that it had fuel on board, the GRA has announced that it is likely to recover taxes well over GYD$35 million.
GRA Head, Godfrey Statia disclosed today that there were over 200,000 gallons of unmarked fuel on the ship which could attract taxes in excess of $36 million.
He said GRA has boarded the vessel and will not release it until the taxes are paid.
Statia also recalled the last time this type of smuggling was uncovered and he reminded that the Captain was also fined $20 million before the ship was released.
This fine is in addition to the taxes and Statia hinted that this could repeat itself.
He confirmed that the vessel goes by the name Jubilee but did not indicate where it came from with the unmarked fuel.
The GRA boss has reason to believe that this is not the first time this has happened with the particular ship and efforts are being made to access maritime records to see the frequency with which the boat has brought fuel into port Georgetown.
News Source understands that the vessel may have been carrying the fuel for the Russian shipping company, Oldendorff, which was recently forced to halt its operations in Guyana owing to US Sanctions against the Rusal company.
Sources familiar with the two companies have indicated that by the time the “Jubilee” reached Guyana with the fuel and was making efforts to meet with the authorities, Oldendorff had already ended its operations.