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Steps under way to realise Tk 6,500cr in revenue

The government has taken initiatives to realise about Tk 6,500 crore
revenue, which remains unpaid by various organisations, from income tax,
value addition tax and import duty due to cases at the higher court.
Additional attorney general MK Rahman told the news agency that a
request was made to the chief justice for forming necessary benches for
speedy disposal of these cases on the basis of the recommendations of the
government. Earlier, the law ministry advised the office of the
Attorney General for taking necessary measures for speedy resolution of
these cases and based on this, the Attorney General office took the
necessary initiatives. He said the hearing of these cases and their
resolutions are being done at three benches at present and some other
benches have also the jurisdiction of disposal of the cases. Lawyers and
law officers experienced with revenue issues have been given the
responsibilities for handling these cases. The resolutions of these
cases are essential for realising the huge amount of government money, he
said adding that 16,000 cases are under trial. Of the total cases,
Tk 1,700 crore revenue remains unpaid against 1,500 income tax related
cases, Tk 3,000 crore against 2,000 VAT related cases and Tk 1,700 crore
against 12,000 import duty related cases, he said. The National Board of
Revenue is providing assistance to the Attorney General office in
conducting the cases, he said. The NBR has already prepared a list of tax
and VAT default companies. These companies are AB Vegetable Oil
Industries, Korean company Samhoan Corporation, Media World, Inspector
Bangladesh Ltd (EBL), BRAC, Prime Fisheries, Grameen Bank, Pioneer
Apparels, Bengal Development Corporation, Eastern Housing and City Group.
Besides, more companies are involved in these cases. They are Nestle BD
Ltd, Navana Industries Ltd, Quader Textile, Monwara Textile, Bangladesh
House Building and Finance Corporation, Chittagong Jute Manufacturing
Company, Jalalabad Gas Transmission and Distribution System Ltd, Eastern
Bank, Royel Cement, BD Foods Ltd and Bengal Fine Ceramics Ltd.