LAHORE: The Customs Post Clearance Audit has deducted evasion of duty and taxes to the tune of Rs 3.3 million on import of machinery and equipment.
The Customs Post Clearance Audit conducted an audit of the data from December 2010 to February 2011. It was observed that M/s Owais & Shoaib Associates (PVT), Gulberg, Lahore imported two consignments consisting of Bunham-Bush Water Cooled Air Handling Units, Ceiling Concealed Type Fan Coil Unit and Cassette Type Coiling Air Conditioner Indoor Units which were cleared by the MCC Appraisement, Lahore against wrongful exemption of the customs duty. According to Customs Post Clearance Audit, the consignment clearance resulted in evasion of duty and taxes to the tune of Rs 3,3,49,922 – Customs Duty of Rs 19, 53,307, Sales Tax Rs 1237,095 and Income Tax Rs 1,59, 520.
The Customs Department is of the view that the importer has knowingly and wilfully availed inadmissible exemption and evaded duty taxes as they despite the repeated reminders at their addresses failed to explain their side of the story to the Directorate as to why they should not be asked to pay taxes and penalized under the customs law. The directorate has charged the importer with the contravention and forwarded the case to the Collectorate of the Customs Adjudication.
