BR100 Increased By (0.75%)
BR30 Increased By (0.55%)
KSE100 Increased By (0.68%)
KSE30 Increased By (0.7%)
AGHA 7.77 Increased By ▲ 0.02 (0.26%)
BECO 5.20 Increased By ▲ 0.01 (0.19%)
BML 57.35 Decreased By ▼ -1.31 (-2.23%)
BOP 34.23 Increased By ▲ 0.54 (1.6%)
CNERGY 10.79 Increased By ▲ 0.18 (1.7%)
CSIL 5.32 Increased By ▲ 0.02 (0.38%)
FCCL 54.75 Increased By ▲ 1.01 (1.88%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.25 Increased By ▲ 0.03 (2.46%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.83 Increased By ▲ 0.19 (3.37%)
LOTCHEM 29.75 Increased By ▲ 0.10 (0.34%)
MLCF 95.70 Decreased By ▼ -0.66 (-0.68%)
NBP 203.90 Increased By ▲ 0.37 (0.18%)
NCPL 58.00 Increased By ▲ 1.15 (2.02%)
NPL 69.02 Increased By ▲ 1.71 (2.54%)
OGDC 318.40 Increased By ▲ 0.18 (0.06%)
PACE 10.77 Increased By ▲ 0.14 (1.32%)
PAEL 42.91 Increased By ▲ 1.14 (2.73%)
PIBTL 16.88 Increased By ▲ 0.07 (0.42%)
PPL 221.50 Increased By ▲ 1.33 (0.6%)
PRL 51.64 Increased By ▲ 2.59 (5.28%)
PTC 70.80 Increased By ▲ 0.79 (1.13%)
SSGC 28.58 Decreased By ▼ -0.56 (-1.92%)
TBL 9.92 Increased By ▲ 0.15 (1.54%)
TELE 8.87 Increased By ▲ 0.05 (0.57%)
TPL 18.20 Increased By ▲ 1.03 (6%)
TPLP 12.93 Increased By ▲ 0.42 (3.36%)
TREET 22.80 Increased By ▲ 0.21 (0.93%)
TRG 59.95 Decreased By ▼ -0.27 (-0.45%)

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a new Customs General Order (CGO) for disposal of tampered and confiscated vehicles.

A tax expert informed that mostly confiscated vehicles are used by senior customs officials and courts decisions are not implemented to hand over the confiscated vehicles to the right owners, who won cases in appeals, customs tribunals and courts.

Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar chaired a committee meeting Wednesday to review existing laws and policies regarding tampered and confiscated vehicles.

A sub-committee was tasked with devising a comprehensive mechanism for their disposal. After detailed deliberations, the sub-committee unanimously finalized a Customs General Order (CGO), which was subsequently approved by the DPM.

The DPM/FM stressed the importance of this decision to streamline the disposal process of confiscated and tampered vehicles and to ensure greater transparency, enhance efficiency, and ensure optimal revenue generation from auction of confiscated vehicles.

The meeting was attended by the Minister for Law and Justice, SAPM Tariq Bajwa, the Chairman FBR, and representatives of the Attorney General’s Office as well as the Ministry of Law and Justice.

In the past, the Federal Tax Ombudsman (FTO) had directed the Federal Board of Revenue (FBR) to approach the Economic Coordination Committee (ECC) of the Cabinet for the disposal of confiscated vehicles with tempered chassis numbers to the registered philanthropic organizations for carrying out philanthropic activities.

The FTO’s special report had stated that customs authorities were not disposing these goods and vehicles having tampered and non tampered chassis numbers as required under the law.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.