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Rebates worth Rs8.42b stopped to achieve revenue target

Rebates worth Rs8.42b stopped to achieve revenue target

ISLAMABAD: The Federal Board of Revenue has stopped importers’ rebates worth over Rs8 billion to achieve revenue collection target of fiscal year 2015-16.

According to the official documents, the officials at Model Customs Collectorates in Lahore and Port Qasim have stopped rebates worth Rs8.42 billion for the last one year.