Cigarette smuggling causing over Rs 20bn loss annually
The country suffers an annual loss of over Rs 20 billion owing of illegal tobacco trade as international smugglers have allegedly forge a nexus with Federal Board of Revenue (FBR) to target local cigarette manufacture companies through a fake report. According to local cigarette companies, smuggled cigarettes are available in the market despite the presence of the intelligence directorates general of the Customs Department and the Federal Board of Revenue (FBR).
“If FBR effectively checks non-duty paid items, smuggled items would not be available in the federal capital,” the companies said, adding that the main reason for the failure to control cigarette smuggling was lack of efforts by the agencies.
http://dailytimes.com.pk/islamabad/13-Apr-16/cigarette-smuggling-causing-over-rs-20bn-loss-annually
Related Posts
Pune: Ravet police bust illegal LPG gas racket, goods worth Rs 6,08,656 seized
The Ravet police have arrested three accused for allegedly refilling LPG...
Fake Medication is a Global Problem
Fake medication - that is, those that fail to meet quality standards - is a...
Counterfeit Goods Worth 25000 Seized During Man Utd Game
Around €25,000 worth of counterfeit goods were seized during the Man Utd v...
Three men sentenced after probe into cigarette and tobacco smuggling led by HM Revenue and Customs
The gang evaded more than £220,000 in duty by sending more than 400,000...