Return of Arrears of Revenue as of 30 June 2017 Sample Clauses

Return of Arrears of Revenue as of 30 June 2017. Arrears of revenue comprise Customs and Excise Duties, Taxes, Penalties, and Interests outstanding in respect of goods that have already been delivered, and of offences detected in breach of Customs Legislations, where Customs Offence Reports (CORs) have been raised. As of 30 June 2017, total arrears stood at some Rs 687.9 million, of which only some Rs 51.1 million (7.4 per cent) were accounted for in the Treasury Statement of Arrears of Revenue and classified as collectible, while the remaining Rs 636.8 million were classified as “Under Dispute” (Rs 480.1 million - 69.8 per cent) and “Pending Adjustments” (Rs 156.7 million - 22.8 per cent). An age analysis of the total arrears of revenue is shown in Table 6-12. Table 6-12 Age analysis of Arrears of Revenue Years/Period No. of cases Balance as of 30 June 2017 Rs 1998-2006 31 85,655,452 2007-2009 226 104,582,056 2010-2012 92 149,083,617 2013-2015 164 320,034,278 January 2016-June 2017 177 28,513,591 Total 690 687,868,994 Long Outstanding Debts An analysis of the total arrears of revenue figure of Rs 687.9 million revealed that Rs 210.4 million (30.5 per cent), representing 266 cases, were long outstanding from seven to 19 years, as shown in Table 6-13. Had all avenues been explored on a timely basis for the recovery of the arrears, these would not have remained outstanding for such long period. Table 6-13 Long Outstanding Debts Year COR Raised No. of Cases Balance as of 30 June 2017 Rs Number of Years outstanding 1998-2006 31 85,655,452 19 to 11 2007-2010 235 124,752,614 10 to 7 Total 266 210,408,066 Of the total arrears of revenue figure of Rs 687.9 million, some Rs 164.8 million (24 per cent) representing 355 debtors were classified as “Pending Review”, as shown in Table 6-14. In the Returns of Arrears of Revenue, some Rs 156.7 million were shown as “Pending Adjustments”. The difference of some Rs 8.1 million could not be explained. Table 6-14 Pending Review Cases Classification Number of debtors Amount Rs Pending Review 9 6,178,762 Pending Review-Claim 3 3,137,680 Pending Review-No Further Action (NFA) 9 2,062,849 Pending Review-NFA Legal Service Dept. 37 49,392,549 Pending Review-Accused Abroad 49 3,825,611 Pending Review-Customs Offence Report Raised 1 1,325,916 Pending Review-Fined at Court 3 133,428 Pending Review-Time Barred 244 98,768,652 Total 355 164,825,447 Time Barred Cases As of 30 June 2017, 244 cases totalling some Rs 98.8 million were already time barred. No written off exercise has been c...
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