DRI planning to bring regulation
KATHMANDU, OCT 18:
The Department of Revenue Investigation (DRI) is all set to finalise the draft of Revenue Leakage (Investigation and Control) Regulation within a week.
Revenue Leakage (Investigation and Control) Act was formulated more than 15 years ago, said director general at DRI Janmajay Regmi, adding the department has been facing procedural hurdles in absence of regulation.
The department will forward the draft to the Finance Ministry and the ministry will forward it to the Ministry of Law, Justice, Constituent Assembly and Parliamentary Affairs for its consent, he said. The draft will be forwarded to the cabinet once it has been approved by the concerned ministries, he added.
Government has made a budgetary provision to formulate it, said Regmi. Similarly, DRI has included the drafting of the regulation in its yearly programme.
Action against culprits have been ineffective due to the lack of a guiding legal framework, he said, adding that the regulation will provide clear guidelines to initiate action based on the Act. The Act describes all procedures in brief, and it is a regulation that comprehensively describes the legal procedures based on the Act, according to Regmi.
DRI has already organised a consultation meeting with concerned parties on the preliminary draft of the regulation, he said. “Traders and firms who are directly connected with the tax regime have already provided feedback to draft the regulation,” he informed, adding the Finance Ministry, and Ministry of Law, Justice, Constituent Assembly and Parliamentary Affairs have also given a go-ahead.
Distillery raided
The Department of Revenue Investigation (DRI) has raided a Janakpur-based distillery suspecting it of having evaded taxes. “The department has confiscated ledgers and stumps of bill pads from Dhanusa Distillery,” said director general of DRI Janmajay Regmi, adding that the department has also sealed the stock in the factory. DRI raided the distillery based on tip-offs, according to him. It will complete the investigation within a week.
Source: THT
