Latest FBR Releases
The Directorate General Intelligence & Investigation of the Federal Board of Revenue (FBR) has recovered smuggled goods and items worth Rs 311 million during the month of October 2010, says a press release issued here Monday.
According to details, the Directorate effected 98 seizures of smuggled goods and 02 seizures of narcotics. The total value of seized goods, vehicles, and narcotics amounts to Rs. 311 million. The cases include seizure of 3740 kilograms of ‘charas’ having Rs. 147 million value, 269,000 liters of smuggled high-speed diesel valued at Rs. 18.5 million, 1967 foreign-brand smuggled tyres valued at Rs. 6.4 million, 49 smuggled/non-duty paid vehicles valued at Rs 60 million and 15 tones of smuggled tea valued at Rs. 3.3 million.
The Directorate also did a commendable job on the Sales Tax side as during the month of October 2010 as 16 units involved in evasion of Sales Tax or claiming illegal/inadmissible input tax amounting to Rs 270 million were detected. The Directorate also busted a gang of fraudsters involved in issuing fake/flying invoices. Preliminary investigation revealed 26 units were part of the aforesaid cartel that caused a loss of Rs. 140 million to the national exchequer by issuing fake/flying invoices.