Federal Tax Ombudsman (FTO), while disposing of a complaint lodged by a foreign company, has directed the Revenue Officials to resolve the issue of refund of the amount claimed by the complainant company within 30 days.
The complainant M/s Monolite International had approached the FTO against the respondent officials for non-issuance of refund amounting to Rs 7,658,625 allegedly received by respondent customs collector in the head of custom duty. In this regard the Addl. Auditor General had advised CBR to issue a certificate to the importer that the amount of Income Tax and Sales Tax was received by the CBR/Customs.
He further held that the CBR could also issue instructions to the Income Tax and Sales Tax Departments for accepting of Income Tax payment proof of the importer for refund, if any, to be made from the current financial year, as accounts of the previous year have since been closed.
The Complainant Company therefore, prayed to the court to direct the respondent officials to approve the refund amount in question and issue to the complainant in accordance with the law.
The court, after hearing the complainant counsel at length disposed of the complaint.