NBR wins tax dispute against Jamuna
The Appellate Division of the Supreme Court yesterday rejected a writ petition by Jamuna Electronics and Automobiles Ltd, clearing the way for the National Board of Revenue to realise Tk 2.51 crore as duty from Jamuna.
The apex court directed Jamuna Electronics and Automobiles to deposit the entire amount of duty and tax to the government exchequer within 15 days, the NBR said in a statement.
The directive came after the government filed a petition, challenging a three-day stay order issued by the High Court in December on tax claims made by Chittagong Customs House. Jamuna had earlier filed a writ petition, challenging the tax claims of Chittagong Customs.
The Customs House claimed Tk 2.51 crore from Jamuna on charges of evading duties/tax.
The NBR said Jamuna imported refrigerator compressors from China in seven consignments. There is a 5 percent customs duty, 15 percent VAT and 5 percent advance income tax applicable on the product. "However, the company in its declaration to Customs House Chittagong claimed that the product was air compressors," the NBR said.
The customs duty for air compressor imports is 2 percent, according to the NBR.
The NBR said Jamuna tried to import the product by evading duty through false declaration.
Earlier, the NBR took an initiative to quickly settle tax-related cases pending with the Supreme Court. Some 25,000 cases involving Tk 31,000 crore in duty and taxes remain unsettled, according to the NBR.
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