Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

FTO directs FBR to implement decision to refund excessive excise duty

byCT Report
09/04/2022
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD: The federal Tax ombudsman has directed the Federal Board of Revenue (FBR) to implement the decision to refund excessive excise duty to 24 complainants in the Pak Suzuki case.

As per the details, twenty four complaints were filed against FBR Islamabad and Pak Suzuki Motor Company Limited, in terms of Section 10(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance) for charging sales tax at the rate of 17 per cent on the purchase of Suzuki Cultus vehicle 998cc after July 2021 as against 12.5 per cent, which was the actual rate at that time.

You might also like

Pakistan plans to import 26 LNG cargoes for winter

03/10/2026

Islamabad Customs seizes Rs5.41b narcotics consignment near M-2

03/10/2026

In this way, the taxpayers were constrained to pay in excess of what was actually due.

FTO had recommended that collection of the sales tax in excess of being legislated in the Finance Act 2021 and delay in settling the tax refund tantamount to maladministration.

The President of Pakistan had upheld the decision and rejected FBR’s pleas against the recommendation for a refund.

Federal Tax Ombudsman Asif Mahmood Jah had directed Advisor Income Tax Karachi to hold meetings with the stakeholders for smooth implementation of the findings/recommendations in the refereed complaints of overcharge of tax by Pak Suzuki.

Both the representative of LTO Karachi and Pak Suzuki Company agreed Pak Suzuki will furnish the refund claims under Section 66 to LTO Karachi in respect of refund due to the subject complaint.

The refund claim will be accompanied by the relevant invoices and proof of tax paid on these invoices.

On receipt of the refund claims, LTO Karachi will process the claim as per law and issue a refund to Pak Suzuki Company.

Pak Suzuki Company will then remit the amount to all the complainants as per their due share and submit proof of payment to LTO Karachi and the FTO office for the final implementation of the order.

As per the information with the FTO office, apart from the 24  initial complaints, there are 9000 such buyers of upto 1000cc vehicles who have been charged tax not due after July 1st 2022.

Related Stories

Pakistan plans to import 26 LNG cargoes for winter

byCT Report
03/10/2026

KARACHI: The government plans to procure 25 to 26 LNG cargoes from November to February to meet increased gas demand...

Islamabad Customs seizes Rs5.41b narcotics consignment near M-2

byCT Report
03/10/2026

ISLAMABAD: Collectorate of Customs Enforcement has seized narcotics and other items worth approximately Rs5.41 billion during an intelligence-based operation near...

Atif Ikram calls for joint strategy to expand share of Asia-Pacific in global textile trade

byCT Report
03/10/2026

KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Atif Ikram Sheikh called for a joint Asia-Pacific strategy...

KPRA collects Rs13.123bn from Sales Tax on Services & IDC in first quarter of FY 2026-27

byCT Report
03/10/2026

PESHAWAR: Advisor to KP CM on Finance Muzzammil Aslam has said that the Khyber Pakhtunkhwa Revenue Authority (KPRA) recorded a...

Next Post

FBR freezes bank accounts of Jazz to recover default income tax of Rs5.7b

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.