The Federal Board of Revenue (FBR) has directed the Director General of Post Clearance Audit (PCA), Karachi to directly report to the FBR chairman. Sources told Business Recorder here on Thursday that the FBR wanted to give full support to the PCA DG in carrying out the important task of audit after clearance of consignments under the automated system.
Under the new reporting mechanism, the PCA DG would directly report to the FBR chairman. Tax authorities would know about the latest developments and detections made by the PCA on regular basis. According to sources, the FBR has already directed the DG of PCA to focus more on risk profiling of importers instead of 'transaction based audit' of importers. Presently, PCA is conducting transaction based audits.
These audits do not reflect activities of importers/traders over a large span of time, thereby provide little help for risk profiling. Therefore, in future, more emphasis should be made on "Importer/Trader Based audit", the FBR said. It has been observed that cases of detections/ irregularities pointed out as a result of audits conducted by PCA, are directly communicated to the FBR.
In order to bring concerned Collectorates in the communication loop, it has been decided that in cases of detections/ irregularities observed as a result of audit, concerned MCC be directly informed and a copy be sent to FBR. Moreover, findings of PCA should be circulated to all Model Customs Collectorates for the purpose of uniformity, sources added.
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