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Non-transfer of powers affecting affairs at IOCO

Non-transfer of powers affecting affairs at IOCO

KARACHI: The daily affairs of Input-Output Co-efficient Organisation are badly affected due to the non-transfer of powers delegated to IOCO in the SRO issued by Federal Board of Revenue in the year 2012, it is learnt here.

Sources, on condition of anonymity, told Customs Today that the FBR in the year 2012 had decided to bring all major activities including survey, evaluation and assessment of units/sectors under one-roof i.e. IOCO. However, after passing of two years of time no such move has yet been materialised or implemented.

“Most of the staff including high officials of IOCO is still depending on the information and data provided by the Model Customs Collectorates of Appraisement East, West and Port Muhammad Bin Qasim,” they added.

They further informed that the Appraisement Collectorates were provided data and requisition to IOCO about performing survey of any unit/sector in term of its production. However, the SRO issued by FBR in 2012, conferred powers to IOCO to execute entire process by itself as a separate body.

It is pertinent to mention here that the FBR has already elaborated the functions and priorities of IOCO in the year 2012.