Tuesday , January 19 2021
Breaking News
Home / Illustrations / LHC suspends final recovery notices of Rs24b served on Gepco by FBR
LHC suspends final recovery notices of Rs24b served on Gepco by FBR

LHC suspends final recovery notices of Rs24b served on Gepco by FBR

SIALKOT: The Lahore High Court (LHC) has suspended the final recovery notices of Rs24billion issued to the Gepco by the Federal Board of Revenue (FBR) to recover big arrears in the shape of different taxes and duties.

The FBR had issued the final recovery notices to the Gepco to ensure that early payment of Rs24billion is made before the end of December 2017. The Gepco officials said the case of levying minimum duties to the Gepco by the FBR was already under trial in the Lahore High Court(LHC) and, till the final verdict to be announced by the LHC, the Gepco is unable to pay Rs24billion to the FBR in this regard.

On this, the LHC suspended the abovementioned recovery notices till further orders.