Chittagong Bureau :
Evasion of govt revenue through import of edible oil has detected in the port city recently. There is a standing regulations that after inbound stock of edible oil in the respective terminal through import, these edible should be sold out by 90 days and taxes on import and sale need to be deposited in govt exchequer . But a notededible oil importer Elias Brothers did not deposit the revenue to govt fund after selling out the edible oil from their tank terminal. After auditing the import statistics of the MEB Group for 2013-14, 2014-15 fiscal by the customs audit ,the irregularities was traced of not paying the accurate revenue to the govt fund.
MEB group is also marketing the imported editable oil with DADA Brand.
Chittagong customs sources said after detecting the irregularities in paying the govt revenue, letter sent to MEB group asking the necessary import documents for ascertaining the total misappropriation of govt revenue. A customs official on condition of anonymity told the New Nation that the import consignment in exbound is discharged through submitting Bill of Entry and the MEBgroup did not deposit the revenue to govt fund despite sold out of these edible oil.
Hefurther said the working of ascertaining the tax evasion is going on and after ascertaining the total misappropriation of revenue at their end, the importer will asked to desposit the evated revenue otherwise legal actions will be taken against them.
Evasion of govt revenue through import of edible oil has detected in the port city recently. There is a standing regulations that after inbound stock of edible oil in the respective terminal through import, these edible should be sold out by 90 days and taxes on import and sale need to be deposited in govt exchequer . But a notededible oil importer Elias Brothers did not deposit the revenue to govt fund after selling out the edible oil from their tank terminal. After auditing the import statistics of the MEB Group for 2013-14, 2014-15 fiscal by the customs audit ,the irregularities was traced of not paying the accurate revenue to the govt fund.
MEB group is also marketing the imported editable oil with DADA Brand.
Chittagong customs sources said after detecting the irregularities in paying the govt revenue, letter sent to MEB group asking the necessary import documents for ascertaining the total misappropriation of govt revenue. A customs official on condition of anonymity told the New Nation that the import consignment in exbound is discharged through submitting Bill of Entry and the MEBgroup did not deposit the revenue to govt fund despite sold out of these edible oil.
Hefurther said the working of ascertaining the tax evasion is going on and after ascertaining the total misappropriation of revenue at their end, the importer will asked to desposit the evated revenue otherwise legal actions will be taken against them.
