AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

Confiscation of ‘tampered vehicle’ FBR introduces cash reward

RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) for the first time has introduced cash reward of Rs 30,
Published December 1, 2012

fbr-RECORDER REPORT

ISLAMABAD: The Federal Board of Revenue (FBR) for the first time has introduced cash reward of Rs 30,000 to customs official on confiscation of each tampered smuggled vehicle exceeding engine capacity of 1800cc.

 

In this connection, the FBR has issued Customs Reward Rules, 2012 to specify rewards on confiscation of tampered smuggled vehicles.

 

When contacted, officials said that notification of cash reward during on-going national drive against non-duty paid smuggled cars would result in payment of Rs 30,000 on confiscation of each tampered smuggled vehicle. Customs officials, who are making day and night efforts to confiscate such non-duty paid smuggled vehicles, would be awarded with cash rewards under the new rules.

 

Moreover, tampered smuggled vehicles cannot be auctioned. The motor registration authorities (MRA) are part of the provincial excise and taxation departments. The MRA have refused to register the tampered vehicles. Thus, such vehicles cannot be publicly auctioned for the last 5-6 years. As the same cannot be auctioned, no public revenue could be recovered from seizure of such vehicles.

 

Such vehicles have only been allowed to federal and provincial government departments for official use, official added.

 

According to the Customs Reward Rules 2012, in cases of confiscation of tampered smuggled vehicles, the total amount of reward to be disbursed in one case shall not exceed Rs.30,000 in case engine capacity of the vehicle exceeds 1800 cc and Rs.12,000 in case of other vehicles. The welfare fund shall receive an equivalent share in these cases.

Comments

Comments are closed.