Tobacco smuggling gobbles up sales tax revenue
That tobacco products are being smuggled into the country, evading the 100 percent sales tax, is evident from the decrease in sales tax revenue collected at the regional customs office in Phuentsholing. As the busiest border town, most tobacco products enter the country through Phuentsholing. There is no dearth of tobacco products, especially cigarettes and chewing tobacco, but the regional revenue and customs office collected only Nu 234,502 in sales tax in 2013. The year before, they collected Nu 275,506. Incidents of tobacco confiscation, however, have increased in 2013, going by police records.
Related Posts
Intellectual property and counterfeiting in Thailand
Whether you know it or not, a day spent in Bangkok will almost certainly involve...
Schaeffler destroys 26 tons of counterfeit rolling bearings
Rolling bearings of various types and sizes are conveyed by the gripper arm of an...
Delhi Police busts UP-based fake currency racket, 2 held
New Delhi, Jul 7 (PTI) The Delhi Police have arrested two people for running a...
Fake currency amounting to ₹12 crore seized in Manipur
In a pre-dawn action in Thoubal district of Manipur, a combined team of the civil...

