Print Edition - 2017-07-25 | MONEY
Revenue Tribunal settles 69pc of pending cases
Jul 25, 2017-
The Revenue Tribunal settled 945 out of 1,376 pending cases in the last fiscal year, exceeding the target set by the Supreme Court.
The tribunal was expected to settle 60 percent of the total pending cases as part of its strategic plan, but its performance reached 69 percent. The tribunal’s jurisdiction extends to hearing appeals and petitions on cases relating to revenue.
“The number of settlements made in the fiscal year 2016-17 is also the highest in the tribunal’s 43-year history,” said Basanta Jung Thapa, under-secretary of the Revenue Tribunal.
If these cases do not reach the Supreme Court, the government stands to collect revenue amounting to Rs10 billion.
Among the 1,376 cases, 699 cases had been pending for the last six years; and 677 new cases were registered in the last fiscal year. The remaining 431 cases were carried over to this fiscal year.
“None of these cases is more than two years old,” said Thapa. “After Chairman Dilli Raj Acharya assumed office, his first priority was to
settle cases more than two years old.”
A majority of the cases settled by the tribunal, or 451 out of 945 cases, were disputes with the customs office over customs duty.
Similarly, the tribunal has settled 269 cases related to income tax and 188 related to value added tax.
Published: 25-07-2017 08:23