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June 17, 2007
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Sunday
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Jumadi-us-Sani 01, 1428
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Amnesty for importers
By Our Reporter
ISLAMABAD, June 16: The Central Board of Revenue (CBR) has offered an amnesty for importers from payment of fine and penalties in case of discharging outstanding liability by paying the principal amount.
This facility will only be available till June 30, 2007, according to an official announcement issued here on Saturday.
The outstanding amount may be on account of any audit observation, audit report, demand notice or any adjudication order or where a person has failed to pay any amount of customs duty or claimed inadmissible refund or duty drawback of customs duty due to any reason.
This amnesty shall not apply to the vehicles falling under chapter 87 of PCT and in cases where criminal proceedings have been initiated or are in progress.
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