The Federal Board of Revenue (FBR) has decided to auction properties of M/s Forvil Cosmetics Pvt Ltd, the makers of Bio Amla, and its directors on August 21 (Monday) to recover the dues.
FBR has given an advertisement in different newspapers with regard to the auction of 12 properties of directors of Forvil Cosmetics Pvt Ltd.
As per rule No 112 to rule No 119 of Sales Tax Rules 2006 general public is informed through the newspaper advertisement that the defaulters i.e. Forvil Cosmetics Pvt Ltd (and its directors namely Zaka ud din Shiekh, Zunair Ahmed, Wamiq Zaka, and Khalida Parveen) of sales tax amounting to Rs. 155.39 million, penalty of Rs. 155.39 million and default surcharge (to be calculated at the time of recovery) have failed to deposit their dues/payable taxes therefore immovable properties of the defaulter taxpayer have been attached for sale for recovery of government dues, reads the auction notice.
As per the notice, all bidders would be required to declare if they are bidding on their own behalf or on behalf of their principals, and in the latter case, they would be required to deposit their authority to bid, otherwise, in case of default, their bid would be rejected.
The successful bidder will deposit 25 percent through demand draft/pay order of the purchase value immediately after the conclusion of the auction. The balance amount will be paid within 15 days from the date of completion of the auction.
Bio Amla acha shampoo ha waisay. Local ha? Pehlay he local manufacturers ki halat tight ha, oopar se itnay tax!
Dubai etc. tax free zones kis waja se hain? Sochna chahiye.
This is the issue with the incompetence of fbr. They never think out of the box. If they evade taxes then ask them to pay in instalments with fine included. What image fbr get after selling local manufacturer properties? More and more people will avoid the fbr.
How these businessmen made these huge properties? If they are clean should sell them by themselves and settle the issue. They tried to get stay from courts for years and years. As per sale they were not paying sales tax whereby collecting from end user.This is public money that they tried to grab.
Arif i can understand and you are right to some extent. But it is also a fact that the same company is providing jobs to thousands. I’m not saying to spare them but give them a chance. We have to protect our local industry to avoid the import. If govt can compensate the employees then i have no objection at all.
YA ALLAH REHAM .ALLAH KA WASTA AISA NAH KARAY WORKERS KA ROZGAR KHATUM NAH KARO ZALIM LOG UN KI FAMILIES BHOOKI MAR JAE GI. KOI HAI JO MADAD KARAY WORKERS KI
Last 1 saal sa sb decision local industry ko khtm krna k hn
Land reforms kro,jo krnay Walay kaam hain…