What recent change has been made by the Federal Board of Revenue (FBR) regarding vehicles used for smuggling?
Correct answer: B. Vehicles used in smuggling are subject to immediate confiscation without the option of payment.
- A. Vehicles used in smuggling can be redeemed with a fine.
- B. Vehicles used in smuggling are subject to immediate confiscation without the option of payment.
- C. Vehicles used for smuggling will be returned after a warning.
- D. Vehicles used in smuggling will only be confiscated if they are valued over a certain amount.
Explanation
Under the revised FBR treatment, vehicles used in smuggling are to be confiscated immediately rather than released merely against payment of a fine. This removed the earlier redemption route for such vehicles.
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