ISLAMABAD: Amid sluggish revenue collection performance, the audit machinery of the Federal Board of Revenue (FBR) is complaining about suppression of its audit functions due to massive shortage of staff and an unqualified work force, resulting in heavy revenue losses through misuse of Green Channel and electronic clearance of imported goods.
“Depriving the audit directorates of their capacity to act as strong deterrents against duty and tax evasion is a money making methodology for individuals of the customs side at the cost of the national exchequer that has been institutionalised over the past few years,” said a senior FBR official showing a series of protest letters from various audit directorates.
For example, the director general of Transit Trade Karachi has reported in one of the complaints that the volume of transit trade of yarn and fabrics has increased around 20 times in just six months, to 3,063 TEUs (twenty-foot equivalent unit) in July–December 2017 from 145 TEUs during the same period of 2016.
Situation has caused heavy revenue losses through misuse of Green Channel and electronic clearance of imported goods
“For us this is smuggling because apparently…
