FBR estimates additional revenue of Rs14 billion through monitoring of tobacco sector

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ISLAMABAD: Federal Board of Revenue (FBR) has estimated additional revenue of Rs14 billion from tobacco sector through effective monitoring for prevention of fake and counterfeit cigarettes.

 

 

 

Sources in the FBR said that the tax authorities had launched an aggressive campaign against fake and counterfeit cigarettes to secure revenue.

The FBR also checking production of existing players in the industry in order prevent suppression of sales.

The sources said that the FBR team had presented revenue situation to Finance Minister Asad Umar early this month.

The FBR informed the minister that check posts had been established at entry points to ensure payment of due tax.

The officers have been posted under the Rule 87 of Federal Excise Rules 2005, at all green leaf thrashing (GLT) units to ensure payment of duties at source.

It is expected that additional revenue of Rs 14 billion will be generated from tobacco sector.

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