Saturday, May 12, 2012

EXCISE AND TAXATION


*Luxury tax:  2000 cc upto 3000 cc =  Rs. 200,000
                     3000 cc and above     =  Rs. 300,000
*11-05-2012: Registration of those vehicles whose owners have not paid  token tax will be suspended from 25th May, director excise.
*Main office at Farid Court house near family hospital Mozang.
*One more Office at Defence More. Registration at this office has been started.
*Only 118 big vehicles registered during last one and half year in Lahore, may be due to high late fee.
*Secretary:  Fawad Hassan Fawad.
*DG Excise and Taxation: Saeed Ahmed Nawaz.
*Director excise: Rizwan Sherwani.
*Revenue collection target for the year 2011-12 has been set at Rs. 16 billions but due to difficulties in collection it has been revised down to 14 billions.
*Department made a contract with Three M Company in 2006 for providing number plates for vehicles and motorcycles. Company will start providing number plates that were allegedly stolen from Department’s warehouse, from 20th May. Contract was cancelled with the company about six months ago.
*Department intends to set up two more registration offices will soon be opened one each at Shahdara and Tokar Naiz Bhaig.

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