The Federal Board of Revenue (FBR)has officially launched a crackdown against the traders who are involved in the sale of smuggled cigarettes.
In a recent television program on the Geo news As per govt law the packet of cigarettes should be minimum price at 62.6 rupees in the market after the taxes implementation, But in the market many cigarettes packets are available less than the govt rate.
The main cause of less price of these cigarettes is because of tax evasion and smuggling.
A FBR recent tweet they are going for strict crackdown against those peoples traders/sellers who are involved in the smuggled market.
The country suffers an annual loss of Rs. 30-40 billion rupees in income because of the illegal tobacco trade, as it is hurting the documented and compliant sector.
As per FBR the person who is involved in the sale of less rate which is set by govt of Pakistan will be fined about 20000PKR and those who are involved in the sale of smuggled cigarettes will be fined 100000PKR and 5 years imprisonment.
The recent increase in illegitimate trade is undermining various measures taken by the government to effectively address this public health issue which is also causing considerable losses to the national exchequer (the former government office responsible for collecting revenue and making payments on behalf of the sovereign, auditing official accounts, and trying legal cases relating to revenue)on account of tax evasion.
As now a days the prime minister prime concern is to optimize the economy grown rate and this one is also one of the hurting cause of economy so prime minister has strictly orderd the FBR to take a strict action against those who are involved in tax evasion.
Inland Revenue Enforcement Network (IREN) has been empowered to obtain logistic and human resource support from Customs when required in order to conduct enforcement actions. The territorial Collectorate of Customs will provide complete assistance to the IREN in this regard.
