LAHORE: The Federal Board of Revenue (FBR) Regional Tax office-II has seized bank account of Wire and Cables to recover evaded tax to the tune of Rs 106 million.
Source told Customs Today that RTO-II, under the supervision of Commissioner Yasir Peerzada, has taken action against the accused company, which was not paying taxes since 2013.
They added Wire and Cables imported cables from many countries and sold all over the country but not paid any sales tax despite sending number of notices.
Therfore, RTO-II seized the bank account for the recovery of sales tax but no any amount has been recovered so far.
