Suo motu on POL price hike: SC summons FBR officials

BusinessSuo motu on POL price hike: SC summons FBR officials

ISLAMABAD: The Supreme Court of Pakistan issued summons for officials in the Federal Board of Revenue (FBR) on Friday, expressing its reservations on the increase ordered in the general sales tax which has resulted in a price-hike of consumer goods and petroleum products without the approval of the finance bill by the Parliament.

A three-member bench of the apex court headed by Chief Justice Iftikhar Muhammad Chaudhry was hearing a suo motu notice of the increase in prices of petroleum products ordered on the basis of announcements made by Finance Minister Ishaq Dar in his federal budget 2013-14 speech.

During the hearing, the chief justice questioned as to how the increase in GST proposed in the finance bill could be implemented without its adoption by the Parliament.

The Chief Justice said that the court had reservations on the collection of the increased GST and that the additional tax collected in this respect should be returned to the public.

Moreover, the apex court directed the authorities to produce the notification for implementing the increased GST.

Responding to which, the government’s top law officer and Attorney General Munir A. Malik said he did not have a copy of the document.

Following which, the bench summoned FBR officials along with the notification authorising the implementation of the proposed increase in GST.

DND

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