Ishfaq A Mughal
The
Federal Board of Revenue (FBR) has called for customs budget proposals for the
next fiscal year 2013-14.
According to insider sources in FBR, a circular has been
issued from the tax authorities on Tuesday in which they asked for submitting customs
budget proposals to change in tariff slabs, Rules and Procedures, Customs Act,
and Industrial Act.
Now, importers, industrialists and other concerns
individuals and organizations will submit proposals for changing in customs
rules. The economic managers of the government will decide to reject and accept
of the proposals by keeping view of their impact on national economic and tax
collections.
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