KARACHI: The Federal Board of Revenue’s Directorate of Post Clearance Audit, Karachi has unearthed massive tax evasion in 556 smuggled vehicles granted amnesty through scheme in 2013, causing Rs 43.728 million losses to national exchequer.
As per details, out of total 5,958 cases cleared by the Collectorate concerned under the amnesty scheme, however, 5,507 original files were made available for audit.
Under the amnesty scheme, smuggled or non-duty paid motor vehicles, having non-tampered engine or chassis numbers, which had been seized or voluntarily presented to Customs on or before March 31, 2013 were allowed release on payment of redemption fine along with duty and taxes.
