Tobacco smuggling gobbles up sales tax revenue
That tobacco products are being smuggled into the country, evading the 100 percent sales tax, is evident from the decrease in sales tax revenue collected at the regional customs office in Phuentsholing. As the busiest border town, most tobacco products enter the country through Phuentsholing. There is no dearth of tobacco products, especially cigarettes and chewing tobacco, but the regional revenue and customs office collected only Nu 234,502 in sales tax in 2013. The year before, they collected Nu 275,506. Incidents of tobacco confiscation, however, have increased in 2013, going by police records.
Related Posts
Rs 2.4-crore foreign cigarettes seized, two held for smuggling
MUMBAI: The Directorate Revenue of Intelligence (DRI) has busted a smuggling...
Counterfeit Parts Of Aircraft And Defense Products Could Proliferate Through 3D Printing
3D printing of aircraft and other defense parts certainly transforms the military...
Over 3,500 bottles of illicit liquor seized in Delhi
NEW DELHI: With municipal elections round the corner, illicit liquor has started...
Animal feed producer sues distributor on counterfeit claims
The speciality feed maker, based in California, claims VBC Peptide Inc, also...