ISLAMABAD: The Inland Revenue Enforcement Network (IREN) Squad of Regional Tax Office (RTO) Rawalpindi claimed to have seized 60 cartons of non-duty paid cigarettes from a warehouse in Jhelum.
The RTO officials carried out the raid following a tip-off and seized 60 cartons of non-duty paid cigarettes after the warehouse owner failed to produce any documents of the commodity.
The seized cigarettes were of local brands and the cartons contained 0.6 million sticks and the raid involved revenue of Rs1.26 million in the head of FED and Sales Tax. Further investigation is underway into the matter.
FBR Chairman Asim Ahmad lauded the timely action by RTO Rawalpindi, and emphasized the need for maintaining strict vigilance against tax evasion in the Tobacco Sector.
The chairman underlined that FBR is committed to control tax evasion and has undertaken various administrative measures in this regard. ‘Tax evasion is an illegal activity and the tax evaders will be subjected to criminal charges and substantial penalties to ensure that due taxes are rightfully deposited in the national exchequer for growth of the national economy’, stated the Chairman.