AIRLINK 72.80 Increased By ▲ 0.62 (0.86%)
BOP 5.00 Increased By ▲ 0.07 (1.42%)
CNERGY 4.31 Decreased By ▼ -0.04 (-0.92%)
DFML 30.38 Increased By ▲ 1.89 (6.63%)
DGKC 83.80 Increased By ▲ 2.50 (3.08%)
FCCL 22.06 Increased By ▲ 0.56 (2.6%)
FFBL 33.01 Decreased By ▼ -0.04 (-0.12%)
FFL 9.80 Decreased By ▼ -0.06 (-0.61%)
GGL 10.38 Decreased By ▼ -0.10 (-0.95%)
HBL 113.25 Decreased By ▼ -0.75 (-0.66%)
HUBC 135.50 Decreased By ▼ -4.50 (-3.21%)
HUMNL 10.03 Increased By ▲ 1.00 (11.07%)
KEL 4.68 Decreased By ▼ -0.05 (-1.06%)
KOSM 4.42 Increased By ▲ 0.04 (0.91%)
MLCF 37.76 Increased By ▲ 0.11 (0.29%)
OGDC 133.49 Decreased By ▼ -0.21 (-0.16%)
PAEL 27.55 Increased By ▲ 1.95 (7.62%)
PIAA 24.60 Increased By ▲ 0.62 (2.59%)
PIBTL 6.57 Increased By ▲ 0.09 (1.39%)
PPL 121.45 Decreased By ▼ -1.17 (-0.95%)
PRL 27.09 Increased By ▲ 0.02 (0.07%)
PTC 13.85 Increased By ▲ 0.25 (1.84%)
SEARL 60.40 Increased By ▲ 3.78 (6.68%)
SNGP 68.15 Decreased By ▼ -1.09 (-1.57%)
SSGC 10.31 Decreased By ▼ -0.03 (-0.29%)
TELE 8.72 Increased By ▲ 0.27 (3.2%)
TPLP 11.27 Decreased By ▼ -0.01 (-0.09%)
TRG 65.70 Increased By ▲ 4.49 (7.34%)
UNITY 25.21 Decreased By ▼ -0.12 (-0.47%)
WTL 1.49 Decreased By ▼ -0.01 (-0.67%)
BR100 7,593 Decreased By -37.2 (-0.49%)
BR30 24,997 Increased By 6.9 (0.03%)
KSE100 72,577 Decreased By -24.6 (-0.03%)
KSE30 23,356 Decreased By -183 (-0.78%)
Print Print 2020-05-22

FBR takes action against illicit cigarettes trade

Taking serious notice of growing illicit cigarettes trade, the Federal Board of Revenue (FBR) field formations have intensified enforcement actions to check transportation of non-duty paid items and confiscated illegal cigarettes worth Rs10 million during
Published 22 May, 2020 12:03am

Taking serious notice of growing illicit cigarettes trade, the Federal Board of Revenue (FBR) field formations have intensified enforcement actions to check transportation of non-duty paid items and confiscated illegal cigarettes worth Rs10 million during a major operation on GT Road, Peshawar.

A senior FBR official confirmed that new enforcement measures would be in place to control smuggling and sale of non-duty paid item in the coming budget (2020-2021).

The FBR's Regional Tax Office, Peshawar has further paced up operation against illegal trade of cigarettes.

During a successful operation, illegal cigarettes worth Rs10 million have been confiscated.

On specific instructions of Commissioner Corporate Zone Peshawar Tariq Jamal Khattak, a well-planned operation was conducted on GT Road Peshawar under supervision of Deputy Commissioner Inland Revenue Muhammad Tariq by Inspector Zafar Iqbal Incharge Tobacco Squad No 2, and got hold of three trucks and two cars.

They confiscated 329 cartons of illegal and counterfeit cigarettes having an estimated worth of Rs10 million.

Tax authorities were of the view that confiscated cigarettes were illegal. Commissioner Corporate Zone Peshawar Tariq Jamal Khattak has warned that trade, production and transportation of illegal and tax-evaded cigarettes shall be barred with strict measures and no concession will be given in this regard.

In recent past, major enforcement actions have been carried out by the Inland Revenue Enforcement Network (IREN) Hyderabad, and Regional Tax Office (RTO) Peshawar, against non-duty paid cigarettes, preventing huge loss of revenue.

The IREN Hyderabad launched a major crackdown against illicit cigarettes and seized huge quantity of low-quality and non-duty paid cigarettes.-SOHAIL SARFRAZ

Copyright Business Recorder, 2020

Comments

Comments are closed.