Monday , September 28 2020
Breaking News
Home / Breaking News / FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m
FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m

FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m

LAHORE: Federal Board of Revenue has recovered Rs 3 million from bank account of Al Moeez Sugar Mill in Bank Alfalah Branch in Gulberg.

According to details, Al Moeez Sugar Industries was to pay Rs 80 million as taxes for the Tax Year 2012-13.

However, the Sugar Mill did not pay due taxes despite repeated notices to the mill owners, official sources said. Sources added that FBR recovered Rs 3 million from 8 bank accounts of the mill.

Sources said that the mill is operational in Dera Ghazi Khan; however, it has a registered office in Lahore which lies under the jurisdiction of Regional Tax Office Lahore-II.