KARACHI: Collector Customs Appraisement East Majid Yousfani has asked the Federal Board of Revenue (FBR) to update withdrawal of sales tax on import of Maize Starch in WeBOC system as the importers are yet taking undue benefits of the concessions, it is learnt.
“The Board vide SRO 486(I)/2015 dated 30.6.2015 had withdrawn the exemption of sales tax levy on import of Maize Starch classifiable under HS Code 1108.1200 notified vide SRO 11225(I)/2011 dated 13.12.2011”, according to a letter forwarded to Abdul Hameed Memon, Chief (Automation Sales Tax), Inland Revenue Wing, Federal Board of Revenue, by Collector MCC Appraisement East Majid Yousfani.
“However, the same was not updated/omitted in WeBOC system and referred HS Code is still reflected in the SRO 1125(I)/2011’s exemption list in the system. Hence, the importers of this commodity continued to avail inadmissible exemption owing to non-updation of the system”, the collector added.
“This Collectorate has identified a number of cases where a substantial amount of Rs 12.8 million has been evaded. The recovery for the said amount has already been generated in the recovery module of the WeBOC system. Board is requested to feed the amendment withdrawing the exemption on import of Maize Starch into the system so that the importers can not avail undue exemption”, the letter concluded.
