AIRLINK 191.54 Decreased By ▼ -21.28 (-10%)
BOP 10.23 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.02 Decreased By ▼ -0.45 (-1.34%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.45 Increased By ▲ 0.63 (2.89%)
HUBC 126.60 Decreased By ▼ -2.51 (-1.94%)
HUMNL 13.83 Decreased By ▼ -0.03 (-0.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.35 Decreased By ▼ -0.58 (-8.37%)
MLCF 42.10 Decreased By ▼ -1.53 (-3.51%)
OGDC 213.01 Increased By ▲ 0.06 (0.03%)
PACE 7.05 Decreased By ▼ -0.17 (-2.35%)
PAEL 40.30 Decreased By ▼ -0.87 (-2.11%)
PIAHCLA 16.85 Increased By ▲ 0.02 (0.12%)
PIBTL 8.25 Decreased By ▼ -0.38 (-4.4%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 182.89 Decreased By ▼ -0.14 (-0.08%)
PRL 38.10 Decreased By ▼ -1.53 (-3.86%)
PTC 23.90 Decreased By ▼ -0.83 (-3.36%)
SEARL 93.50 Decreased By ▼ -4.51 (-4.6%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.85 Decreased By ▼ -1.88 (-4.51%)
SYM 18.44 Decreased By ▼ -0.42 (-2.23%)
TELE 8.66 Decreased By ▼ -0.34 (-3.78%)
TPLP 12.05 Decreased By ▼ -0.35 (-2.82%)
TRG 64.50 Decreased By ▼ -1.18 (-1.8%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 3.96 Decreased By ▼ -0.07 (-1.74%)
BR100 11,697 Decreased By -168.8 (-1.42%)
BR30 35,252 Decreased By -445.3 (-1.25%)
KSE100 112,638 Decreased By -1510.2 (-1.32%)
KSE30 35,458 Decreased By -494 (-1.37%)

The intelligence agency of the Federal Board of Revenue (FBR) has received `credible' information from Dubai that the carriers/smugglers would make attempts in the next 7-10 days to illegally bring home a large quantity of appliances, IT equipments and entertainment/lifestyle products. These goods have reportedly been purchased from the recently concluded "GITEX Shopper" Dubai World Trade Centre, sources said.
It is learnt that the informers have given credible feedback about the attempts to be made by the carries to bring a huge quantity of goods without payment of duties and taxes through illegal channels. The intelligence agency has taken steps at all airports to nab all those who will bring these goods illegally.
Director General (Intelligence and Investigation), Inland Revenue, has formed special teams at Islamabad, Lahore and Karachi to take action against tax evaders bringing goods through illegal channels from Dubai. The teams which are headed by assistant directors - Hassan Bin Izhar, Saad Waqas and Asif Abro - will monitor all exit points of Islamabad, Lahore and Karachi airports, respectively, to check illegal movement of goods purchased from GITEX Shoppers.
These teams, the sources added, will also conduct raids on shops selling non-tax paid goods, besides monitoring transfer of capital from Pakistan to Dubai in between April 1-4, 2015.
According to a tax expert, the FBR's Customs Intelligence can also benefit from the network created by the DG (Intelligence and Investigation) Inland Revenue at Dubai to trace and hunt the tax evaders. The Directorate of Customs Intelligence can also co-ordinate with the information received from the informers working aboard, the sources said.
"GITEX Shopper" held in Dubai from April 1 to 4 is the region's best consumer electronics event even with power retailers and world class brands.
Sources said that a large number of Pakistani businessmen visit "GITEX Shopper" event which is held twice in a year to make purchases worth millions of rupees. Moreover, concerned officers have been directed to arrest all those tax evaders under Sales Tax Act, 1990 who will bring products from Dubai without paying tax.

Copyright Business Recorder, 2015

Comments

Comments are closed.