PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN
TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774
Ref. No. PHMA/Cir-054/2014
Dated: 13th June, 2014
TO ALL MEMBERS OF THE ASSOCIATION
Sales Tax Refund Claims – Freezing of Bank Accounts by FBR
We have received complaints from several of our members that FBR freezes their Bank Accounts and also withdraw funds from their Bank Accounts against sales Tax refund claims found under objections/discrepancies e.g. although total amount of refund amount of a taxpayer outstanding with FBR is Rs. 500,000/- but in case FBR finds objection/ discrepancy of an entry of Rs. 25,000/- and as per powers given, FBR freezes such Bank Account and withdraws Rs.25,000/- .
As we are scheduled to hold a meeting with the the Finance Minister and Chairman, FBR shortly all such members who have encountered freezing of their Bank Accounts as explained above are advised to inform the Association at the soonest to take up this crucial issue affecting our valued members among several other issues in the scheduled meeting.
Thanks & Best Regards,