Islamabad: The Directorate of Intelligence and Investigation-Inland Revenue, Islamabad’s team has seized 600 packets (6,000,000 sticks) of local brands of illegal cigarettes valuing more than Rs 40 million, after intercepting two vehicles at Burhan Interchange of the motorway.
On inquiry, it was also found that Federal Excise Duty (FED) amounting to Rs 9.9 million and Sales Tax amounting to Rs 2.756 million was not deposited in the Government Exchequer against supplies of aforesaid cigarettes. The Directorate of Intelligence and Investigation-Inland Revenue, Islamabad confiscated the cigarettes and mandatory legal proceedings are underway for recovery of the due taxes.
In pursuit of the vision of the Prime Minister to curb the menace of trade of counterfeit and illicit tobacco trade, which is not only hazardous to the health of general public but also causing huge loss to the Government Exchequer, Chairman Federal Board of Revenue (FBR) has urged Directorate General of Intelligence and Investigation-Inland Revenue to speed up the enforcement measures to combat the trade of counterfeit and non-duty paid cigarettes.
