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FBR launches recovery proceedings against 600 importers

FBR launches recovery proceedings against 600 importers

ISLAMABAD: Federal Board of Revenue has launched recovery campaign against about 600 importers, who failed to deposit 3 per cent minimum value addition tax on the imported goods during 2013.

Sources said that the Project Director Computerised Risk-Based Evaluation of Sales Tax (CREST) system has issued the lists of importers containing profiles of units to the Collectors concerned of relevant Model Customs Collectorates (MCCs) for recovery of unpaid amount of tax at import stage.

The CREST has detected this major discrepancy during clearance of imported consignments from ports and initiated recovery against the defaulting importers on national level.