KARACHI: The Revenue Division is quite desperate to increase its revenue collection numbers for the fiscal year, which is evident from the unprecedented measures the Ministry of Finance and the Federal Board of Revenue (FBR) are taking to boost the collection.
Most recently, the Ministry of finance has announced to remit whole amount of fine payable by a person against whom an amount of custom-duty is outstanding on account of any adjudication order or who has failed to pay any amount of custom duty or claimed inadmissible refund or drawback of custom duty due to any reason subject to the condition that the outstanding principal amount of duty is paid by June 30, 2013.
However, no one would be entitled to claim or take refund of any amount of fine already paid by or recovered from him before the issuance of this notification dated June 21, 2013.