LAHORE: Federal Board of Revenue (FBR) started their proceedings to recover Rs7.4 million under the head of federal excise duty (FED) and penalty which was imposed on the company.
Sources told Customs Today that Federal Board of Revenue already sought all the relevant details from Department of Excise and Taxation Punjab. According to the sources FBR sought all the vehicles which are already owned by the above said company and the taxes paid by them.
It is also necessary to mention here that there are five directors who are performing their duties in M/s Zamindara Paper and Board Mills. FBR already sought Computerized National Identity Cars (CNIC) from the above said company specially those vehicles which are owned and being used by its Director Fahim Ahmad Malik, Shamim Ahmad Malik, Shafqat Malik and Faria Malik. Sources told that necessary proceedings are also underway to impound the vehicles being used by the directors of the company.
Sources told that Federal Board of Revenue already expedited their efforts to recover outstanding dues from defaulter companies for which they are using all available resources.
