Proportionate Input Tax Adjustment of FED: Record of Ghee, Cooking Oil Makers To Be Scrutinised
19/03/2012 (Business Recorder) - The Federal Board of Revenue (FBR) has decided to scrutinise the tax record of ghee and cooking oil manufacturers in cases they have already claimed proportionate input tax adjustment of the federal excise duty (FED) paid at import stage against the output sales tax of Palm Fatty Acid/soap to ascertain actual tax adjustment claimed by them.
