KARACHI: The Sindh High Court has directed Shaheen Airlines International to immediately pay at least 50 percent of total federal excise (FED) dues to Federal Board of Revenue (FBR).
Sources in FBR said that the Shaheen Air likely to pay around Rs1 billion out of its total outstanding of Rs2 billion by August 15, 2018.
The Large Taxpayers Unit (LTU) Karachi by end June this year had taken a big step by sealing the head office of the SAI for its default of over Rs1 billion. The airline presented post dated cheques at that moment to unseal the office and subsequently filed a suit in Sindh High Court to stop recovery.
The high court directed the airline to pay 50 percent of the demand created by the FBR as per directives of the Supreme Court of Pakistan (SCP).
However, the Shaheen Air had taken a plea that the FBR created recovery demand on baseless grounds by applying wrong provisions of the Federal Excise Act, 2005.
