Islamabad December 11 2021: Building on its momentum to maximize tax compliance, Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads, has seized 8,320,000 illegal cigarettes worth Rs. 21,479,625 involving duties and taxes of Rs. 17,242,635 in the month of November, 2021. Likewise, in the first five months of FY- 2021-22, IREN has seized non duty / tax paid cigarettes of Rs. 177,959,737 (approximately 74,131,500 sticks) resulting in detection of evasion of duties and taxes worth Rs. 142,905,265.
It is pertinent to mention that the Prime Minister of Pakistan has recently launched Track & Trace System on the Sugar Sector. Therefore, IREN has also been entrusted to ensure its enforcement in entire supply chain of Sugar Industry. For this purpose, the Chief Coordinator IREN and his Regional Enforcement Squads across Pakistan are geared to conduct raids and and ensure seizures on the non-tax paid sugar stocks, which move out of the factory premises/warehouses without tax stamps. As a result, IREN Squads have intensified their operations in every nook and corner of the country, against the non-compliant supply chain operators dealing in sugar sector in order to maximize revenue potential.
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The Squads have raided various sugar dealers in almost all big cities and various small towns to check sugar stocks. During these raids Hyderabad Squad has seized stock of 172 sugar bags without affixing of Tax Stamps in the premises of M/s Gulzar & Co. The stock of 172 sugar bags was seized and legal action was being initiated against those who were found involved in the tax evasion.
Dr. Muhammad Ashfaq Ahmed, the Chairman FBR/Secretary Revenue Division has appreciated the performance of IREN Squads and announced cash reward for those officers, who conducted successful raids. He stated that Track & Trace system coupled with IREN’s valiant drive would help overcome the menace of non-tax paid goods in the market.
