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Misusing DTRE: FBR plans crackdown on importers, exporters

Misusing DTRE: FBR plans crackdown on importers, exporters

KARACHI: The Directorate of Internal Audit of Pakistan Customs on the directives of Federal Board of Revenue (FBR) has started the audit of Duty Taxes Remission on Export (DTRE) and examination sector for the year 2013-14.

According to details, the FBR authorities have asked the directorate of internal audit to finalize its audit report this week and submit it to the FBR Headquarters.

Sources confirmed Customs Today that the audit of DTRE was started in the beginning of this month. It further revealed that FBR authorities are mulling over to start a crackdown against those importers/exporters taking undue advantage of DTRE exemption, as massive irregularities have been observed in the account of DTRE in the year 2013-14.

“The FBR has planned to issue demand notices against those importers/exporters who were involved in taking false exemption of DTRE which causes colossal loss to national exchequer”, sources added.