Tag: Directorate of Intelligence and Investigation

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified functions and powers Directorate General of Intelligence and Investigation under Federal Excise Act, 2005.

The FBR issued SRO 251(I)/2019 to notify following functions of the Directorate General, Intelligence and Investigation IR:

The functions of Directorate General of Intelligence and Investigation, Inland Revenue shall be:

a) to carry out intelligence activities or intelligence gathering on tax and duty related issues including non-declaration, under-declaration, non-payment of duty, duty evasion and revenue leakages through any other mean;

b) to collect third party information relating to financial transactions in ongoing inquiries and investigations;

c) to establish and develop linkages with all major national, provincial or other data bases to collect relevant information in ongoing inquiries and investigations;

d) to identify trends and modus operandi of Federal Excise Duty evasion and carry out inquiry and investigation to retrieve the loss of revenue;

e) to exercise powers of seizure of goods under the provisions of Federal Excise Act, 2005 and the rules made there-under;

f) to identify and investigate cases of duty evasion having any financial implication, punishable as an offence under the Federal Excise Act, 2005 and the rules made there-under;

g) to carry out criminal investigation and prosecution in cases involving offences

punishable under the Federal Excise Act, 2005 and the rules made there-under;

h) to share or disseminate actionable information or corroborating evidence, where required, through written reports or alerts to authorities or officers in the headquarter and field formations of the Federal Board of Revenue for further proceedings; and

i) to process complaints of tax and duty evasion etc.