Finance Committee Told to Stop Probe Into MG’s Alleged Tax Evasion

Spread the love

Federal Board of Revenue (FBR) Member Inland Revenue Operations (Customs),

Tariq Huda, on Wednesday told the National Assembly Standing Committee on

Finance that the subject of alleged tax avoidance by a motor company should

not be considered at the board level as it is subjudice before the High Court, and

it may go up to the Supreme Court of Pakistan. FBR Member Customs services

were returning to the queries of the committee members on agenda item number

-7 to address the issue of tax avoidance by Morris Garages (MG) Automobile

Company on import of Complete Built Unit (CBU) if any and effort taken by the

FBR in this regard. He said that the FBR has already started an audit to review the

matter to ascertain the truths about the case. He said that we support that new

players should come into the vehicle market. It is the legal right of any company

to import and finally sell vehicles in the country. Any error is detected during

the audit, the business frames the contravention report and submits it to the

adjudication authorities. There are 4-5 legal forums available from the level of

Commissioner Appeals to Appellate Tribunal and higher courts. “The debate in

the committee might absolutely or negatively impact the right panel. Its asked

that the matter should not considered at the Finance Committee.

A brief presented to the NA Committee on Finance by the Ministry of Industries

and Production said, the Goods Declaration filed for the approval of vehicles

imported by any vehicle importer under the normal regime is fixed and settled

by the rules field formation of FBR without the involvement of Industries and

Production Division. Morris Garages (MG) JW Automobile Pakistan (Pvt.) Ltd.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.