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HC stays NBR move for freezing Robi’s bank accounts

FE Report | February 28, 2018 00:00:00

Robi Axiata Limited received a stay order from the higher court Tuesday on release of its frozen bank accounts after settling outstanding administrative and procedural matters with the National Board of Revenue (NBR), said a statement of the company.

The High Court (HC) has ordered unfreezing all of the bank accounts of the telecom company.

The Large Taxpayers Unit (LTU) under the VAT wing of the NBR on Monday instructed all commercial banks to freeze bank accounts of Robi, claiming Tk 187 million in outstanding VAT and Supplementary Duty (SD).

"The dispute arisen as a result of a claim by the LTU, which was under discussion with the relevant authorities, has now been resolved," Robi said in its statement.

Barrister Tanjib-ul Alam said the claim of the NBR that has been made under the law is a violation of Article 31 of the constitution.

Robi takes this opportunity to reaffirm that it has been a consistent and responsible operator and one of the largest corporate taxpayers since its inception in 1997, the statement said.

Deputy Commissioner of VAT LTU Bodiuzzaman Munshi said the unit will file civil miscellaneous petition (CMP) with the appellate division on the stay order today (Wednesday).

"We hope the stay order would be vacated. Other VAT evasion-related steps will also be taken shortly against the company," he added.

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