AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

ISLAMABAD: The Federal Board of Revenue (FBR) has established a check post of Inland Revenue officers at district Battargram- Silk/Karakoram road to tariff areas of Abbottabad.

In this regard, the FBR has issued a notification here on Thursday. The FBR has issued SRO to establish check posts with mobile squads on the routes originating from tax-exempt areas. The check post has been established under Section 40B of the Sales Tax Act.

According to SRO 1193(I)/2024, the mobile squad of Inland Revenue officers would intercept goods on which duties and taxes have not been paid while coming from non-tariff areas to tariff areas of Pakistan.

The conveyance carrying goods supplied from the tax-exempt areas shall be accompanied by such documents in respect of the goods carried as may be prescribed under sales tax rules.

In the absence of the prescribed documents or any discrepancy in such documents, the goods so carried shall be seized along with the vehicle carrying the goods by the officer as aforesaid under proper acknowledgment, the FBR said.

The notices to the owner of the goods and the vehicle to show cause against imposition of penalty shall be issued within 15 days of the seizure.

The “tax-exempt areas” means Azad Jammu and Kashmir, Gilgit-Baltistan, Border Sustenance Markets and former Tribal Areas as defined in Article 246 of the Constitution and such other areas as may be prescribed, the FBR added.

In 2022, the FBR had established 16 Inland Revenue check posts with mobile teams on the routes originating from tax-exempt areas of Azad Jammu and Kashmir, Gilgit-Baltistan and erstwhile tribal areas to check documents of goods coming from these areas.

Through Finance Act, 2024 exemption available to ex-FATA/PATA (import/ supply of goods and supply of electricity) has been retained till June 30, 2025.

Copyright Business Recorder, 2024

Comments

Comments are closed.