KARACHI: The Collectorate of Customs Adjudication-I, vide Order-in-Original No 646/2014-15, has fined M/s Karachi International Container Terminal (KICT) Limited Rs 5 million and its clearing agents M/s Ports Connection (Pvt) Limited Rs 500,000 for evading tax worth millions of rupees in importing super brand used quay cranes.
The Directorate of Post Clearance Audit (PCA) of the Customs Karachi had detected that KICT had cleared two units of imported Quay cranes through their clearing agent Ports Connection (Pvt) Limited by availing concession under SRO 575(I)/2006 dated 5.6.2006.
“In view of the gravity of offence as committed by the respondents, I, impose a penalty of Rs 5 million on KICT in terms of Section 156 (I)(14) of the Customs Act, 1969,” according to ONO issued by Collector Customs Adjudication-I Fareed Iqbal Qureshi, available with Customs Today.
“I also impose a penalty of Rs 500,000 on the clearing agent which acted in connivance with the importer for violating the aforementioned provision of law,” the collector added.
