The Federal Board of Revenue (FBR) has issued new directives to curb smuggling through stricter laws and penalties. A new clause has been added to the Customs Act that allows for confiscated goods and vehicles used for smuggling along with fines up to 10 times the value of the illegal goods. Violators could also face imprisonment of up to 7 years with cases tried before a special judge. The changes are aimed at dealing strictly with smuggling cases.
The Federal Board of Revenue (FBR) has issued new directives to curb smuggling through stricter laws and penalties. A new clause has been added to the Customs Act that allows for confiscated goods and vehicles used for smuggling along with fines up to 10 times the value of the illegal goods. Violators could also face imprisonment of up to 7 years with cases tried before a special judge. The changes are aimed at dealing strictly with smuggling cases.
The Federal Board of Revenue (FBR) has issued new directives to curb smuggling through stricter laws and penalties. A new clause has been added to the Customs Act that allows for confiscated goods and vehicles used for smuggling along with fines up to 10 times the value of the illegal goods. Violators could also face imprisonment of up to 7 years with cases tried before a special judge. The changes are aimed at dealing strictly with smuggling cases.
introduces-strict-law-smuggling Syed Asad Zobia Younus Ubair Group Members: Zohan Zain Ullah Rafiq Sajid Khan malik Iqbal News Source: https://tribune.com.pk/story/2023451/1-fbr-introduces-strict- law-smuggling/
ISLAMABAD: The Federal Board of
Revenue (FBR) has issued directives for the implementation of law to curb smuggling and imposition of heavy fine and imprisonment of up to seven years on traders involved in Smuggling. News Source: https://tribune.com.pk/story/2023451/1-fbr- introduces-strict-law-smuggling/
A senior officer of FBR, said that a
new clause 63(i) has been included in section 156 part B of Customs Act 1969, therefore, implementation of the said clause should be made mandatory and cases of smuggling be dealt accordingly. ID CARD CONDITION WILL STAY, SAYS FBR CHIEF
Federal Board of Revenue (FBR) Chairman
Shabbar Zaidi made it clear on Friday that the government would not back down from the condition of producing the national identity card for the purchase of Rs50,000 and stressed the need for paying taxes.
condition-will-stay-says-fbr-chief/ News and Image Source: https://www.dawn.com/news/amp/1495708
The main purpose of the
CNIC condition is for documenting business-to- business transactions and few transactions in a value higher than Rs50,000 by limited number of consumers and that too from sales tax registered person. This condition will help avoid, unverifiable and fictitious business buyers which results in huge sales tax losses in the value chain. CHAIRMAN SHABBAR ZAIDI FURTHER ADDED:
“I meet 14-15 delegations every day and
everyone says the same thing: ‘please stop charging all these taxes’,” he said. “We must realise that simply giving Zakat, charity and donations is not enough… everyone is equally liable to pay taxes.” News Source:https://tribune.com.pk/story/2017169/1-id-card- condition-will-stay-says-fbr-chief/
Addressing the ‘Policy Symposium
on Pakistan Economy & IMF Programme: Challenges & Opportunities’, Zaidi termed taxes the only way forward for an equitable distribution of wealth and the establishment of an equitable society in the country. NEW CLAUSE: 63(i)
FBR authorities said that under the new law,
smuggled goods and vehicles used in their transportation will be confiscated and a fine ten times the value of illegal goods will be imposed.
It was further told that if the goods for
transshipment are offloaded somewhere other than their destination, the goods as well as the vehicle carrying them will be confiscated.
they will be confiscated and action will be taken against the importer, supervisor and bonded carrier and a fine ten times the value of illegal goods will be imposed.
In addition, the case will be run before a
special judge and an imprisonment of up to seven years will be awarded. It Was Further Told That, If transshipment rules for the import of goods are violated, action will be taken against the violator, inland carrier and supervisor and a fine of up to Rs500,000 or a penalty three times the value of import duty or taxes will be imposed.
introduces-strict-law-smuggling/ CONCLUSION: *Smuggled goods and vehicles will be confiscated and a fine 10 times of the value of the illegal good will be imposed. *If the goods for transshipment are offloaded somewhere other than their destination, the goods as well as the vehicle carrying them will be confiscated. *Action will be taken against the importer, supervisor and bonded carrier. *If transshipment rules for the import of goods are violated, action will be taken against the violator, inland carrier and supervisor and a fine of up to Rs500,000 or a penalty three times the value of import duty or taxes will be imposed. *A case will be run before a special judge and an imprisonment of up to seven years will be awarded.