FBR unearths Rs75m sales tax evasion

ISLAMABAD: Federal Board of Revenue officials have unearthed sales tax evasion worth Rs75 million on the import of sugar, an FBR official told the Express Tribune.

The FBR directed the Directorate General, Post Clearance Audit, Karachi on Wednesday to wind up the case of sales tax theft at the earliest and recover the dues.

Industrial importers making beverages and other products, by stating less than the original value, evaded Rs75m in tax, sources said. In that regard, the FBR caught 40 consignments of the importers.

Further investigation would be carried out in the case and previous fraud cases of importers would also be reopened to check for irregularities.

The FBR had set the value of imported sugar at $440 per tonne to determine the amount of sales tax.