The Commercial Court of Volyn Oblast annulled the additional tax assessment under the inspection reports of OJSC 'Lutsk Automobile Plant'

The Commercial Court of Volyn overturned the decision of the State Tax Administration regarding all additional tax assessments based on inspection reports of OJSC "Lutsk Automobile Plant" and declared illegal the grounds that formed the basis of the accusations against the plant by the STA. The consideration of this case was the result of a lawsuit filed by OJSC "Lutsk Automobile Plant" against the State Tax Administration. \n- The court's decision, - in the opinion of the general director of OJSC "LuAZ" Volodymyr Hunchyk, - will finally allow the enterprise, which creates more than a third of Lutsk's gross product and provides employment to over 1300 Volyn residents, to return to rhythmic operation. \nDespite the inspections that have been ongoing at the plant since September 2003, in the first half of the current year, the enterprise transferred more than 10.5 million UAH to the budget and off-budget funds. Of these, 805 thousand UAH went to the local budget. \nOJSC "Lutsk Automobile Plant" is a major Ukrainian manufacturer of automobiles for various purposes. The basis of the plant's products consists of VAZ, UAZ, and IZh automobiles. In the near future, the plant plans to begin serial production of light trucks and its own LuAZ-1301 automobile. \nIn the first half of 2004, LuAZ produced marketable products worth 198 million 201 thousand UAH in current prices (for the analogous period last year this figure was 63 million 444 thousand UAH). 10559 units of VAZ automobiles were manufactured (for the analogous period of 2003 - 6494), 330 units of UAZ automobiles (for the analogous period of 2003 - 192 units), 533 units of IZh automobiles were converted (for the analogous period of 2003 - 192 units).