KARACHI: Syed Ijaz Hussain, Director General of Intelligence and Investigation, Inland Revenue (IR) has decided to deal strictly with ship-breakers, gold importers and others to plug revenue leakage. He made this decision during his recent visit to Karachi.
Sources said that Director General had convened a meeting with the officials of Inland Revenue and directed them to expedite the process of tax recovery besides taking appropriate measures to plug revenue leakage. Sources said that DG Ijaz Hussain has ordered field formations to take action against tax evaders in ship breaking industry and gold import.
They said field formations had also been tasked to deal with non-taxpayers having luxury vehicles and bogus refund claimants with an iron hand. Directorate General DGI&I-IR, Karachi had so far gone at it hammer and tongs against unscrupulous elements and remained successful in establishing deterrence.
Sources said that investigation in a fake refund case had been initiated by DGI&I-IR, Karachi in April 2012 and since then the department has identified a colossal revenue loss of Rs 4 billion. They said that the department had not only recovered around Rs 2 billion in this case but also averted further revenue loss by blocking fake refunds amounting to Rs 2.7 billion.