NBR to take tougher action against tobacco companies
The National Board of Revenue (NBR) has decided to be tougher against the use of fake band-rolls and stamps against Bidi and cigarette companies as the revenue collector of the national exchequer has got some allegations in this regard.
According to sources at the NBR, some bidi and cigarette-producing companies are using fake band-rolls and stamps to evade tax. "The amount of the tax evasion is hefty and it came in the light following an inquiry," a senior NBR official told the news agency.
He said the country's some tobacco companies have long been using fake band-rolls and stamps to evade the Value Added Tax (VAT). The Board also asked its field-level offices across the country to intensify their surveillance.
The NBR official said they have collected samples from the r...
