- NBR detected Tk3.28 crore in VAT evasion by Xinlian Electronics Technology Bangladesh Co Ltd, a lithium battery manufacturer in Dhamrai.
- During a raid, officials found manufactured batteries, raw materials, production equipment, and imported consumer electronics such as mobile chargers and headphones.
- Review of seized records showed concealed sales of Tk14.56 crore, causing Tk1.90 crore in VAT evasion.
- The review also found concealed purchases of goods and raw materials worth Tk15.22 crore, leading to another Tk1.38 crore in VAT evasion.
- NBR said it will take legal action to recover the unpaid revenue under applicable laws.
Source: tbsnews.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
