LAHORE - Punishments like cancellation of registration, confiscation of vehicle, imposition of 100 per cent fine and issuance of arrest warrants could be awarded to the owners of the imported vehicles in case the owners failed to pay luxury tax, said Provincial Minister for Excise & Taxation, Transport and Education, Mujtaba Shuja-ur-Rehman in a statement issued here on Saturday. He said luxury tax has been levied on the imported vehicles registered after 30 June 2005 of 2003 or later models. He said that tax collection campaign from luxury car owners would be made successful at any cost. He said that on the instructions of the Chief Minister Punjab, the department has constituted special teams which have started picketing the entry and exit points of all the cities of the province to take hold of those luxury cars to which tax has not been paid yet. He said if the rich people spending millions of rupees on costly and modern vehicles, they should also pay their outstanding luxury cars tax immediately because government launched public welfare projects from tax money. During a meeting with various delegations, Mujtaba Shuja-ur-Rehman said the taxation system would be further simplified to provide maximum facilities to the taxpayers. He said a major portion of property tax is lost due to corruption and there is a need for remedial measures. The achievement of revenue targets is a vital importance for development projects, therefore, the department would have to display its best performance in this regard, he concluded.