AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.00 Increased By ▲ 3.93 (3.14%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.40 Increased By ▲ 0.49 (6.19%)
DFML 39.10 Increased By ▲ 1.76 (4.71%)
DGKC 82.25 Increased By ▲ 4.48 (5.76%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.78 Increased By ▲ 0.92 (7.76%)
HUBC 110.70 Increased By ▲ 6.20 (5.93%)
HUMNL 14.10 Increased By ▲ 0.61 (4.52%)
KEL 5.25 Increased By ▲ 0.60 (12.9%)
KOSM 7.65 Increased By ▲ 0.48 (6.69%)
MLCF 40.00 Increased By ▲ 3.56 (9.77%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.25 Increased By ▲ 9.72 (5.41%)
PAEL 25.70 Increased By ▲ 1.27 (5.2%)
PIBTL 7.36 Increased By ▲ 0.21 (2.94%)
PPL 153.50 Increased By ▲ 9.80 (6.82%)
PRL 25.45 Increased By ▲ 1.13 (4.65%)
PTC 17.91 Increased By ▲ 1.51 (9.21%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.60 Increased By ▲ 0.63 (1.97%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.77 Increased By ▲ 0.64 (3.97%)
TRG 56.00 Increased By ▲ 1.34 (2.45%)
UNITY 28.68 Increased By ▲ 1.18 (4.29%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,684 Increased By 595 (5.9%)
BR30 31,445 Increased By 1935.9 (6.56%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)
Business & Finance

Illicit Cigarette worth Rs 40mn Confiscated

  • The cigarettes valuing more than Rs. 40 million were confiscated after intercepting two vehicles at Burhan Interchange of Motorway.
Published March 13, 2021

The Directorate of Intelligence and Investigation-Inland Revenue, Islamabad’s team has seized 600 packrites (6,000,000 sticks) of local brands of illegal cigarettes.

The cigarettes valuing more than Rs. 40 million were confiscated after intercepting two vehicles at Burhan Interchange of Motorway.

On inquiry it was also found that FED amounting to Rs.9.9 million and Sales Tax amounting to Rs. 2.756 million was not deposited in Government Exchequer against supplies of aforesaid cigarettes. The Directorate of Intelligence and Investigation-Inland Revenue, Islamabad has confiscated the cigarettes and mandatory legal proceedings are underway for recovery of due taxes.

The Chairman FBR has urged Directorate General of Intelligence and Investigation-Inland Revenue to speed up the enforcement measures to combat the trade of counterfeit and non-duty paid cigarettes.

Comments

Comments are closed.