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Appraisement-East detects tax evasion of Rs 9.41m by M/s Fauji Meat Limited

byAftab Channa
29/09/2015
in Karachi, Latest News
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KARACHI: The Model Customs Collectorate (MCC) Appraisement-East has detected evasion of duties/taxes to the tune of Rs 9.415 million by M/s Fauji Meat Limited on importing stainless steel sliding type doors.

In this regard, Deputy Collector-III Ali Waheed Khan issued a Demand Notice No 779/KAPE-DC (III)-East/2015 directing the importer M/s Fauji Meat Limited, Rawalpindi to pay Rs 9.415 million evaded/leviable amount to the national kitty.

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Sources told Customs Today that on scrutiny of the post clearance data, it is observed that M/s Fauji Meat Limited has availed undue benefits of Serial No 3, Table I of 5th Schedule of Customs Act, 1969 and Serial No 2, Table II of 8th Schedule of Sales Tax Act, 1990 at the time of clearance of GD NO KAPE-HC-1518 dated July 4, 2015.

This benefit has already been regretted in an identical import vide GD No KAPE-HC-24812 dated August 20, 2015 on grounds that requirement of Note No (ii) of Part I of 5th Schedule not met; requirement of Note No (iii) of Part I of 5th Schedule not met; imported item is stainless steel (non magnet) chill sliding type doors and not cool chain machinery and equipments as per Serial No 3 of Part I of 5th Schedule; requirement of sub-para (ii) of Para (xi) of Para I of CGO 12/2002 dated 15.6.2002 not met and the requirement of Serial No 2 of Table II of 8th Schedule of Sales Tax Act, 1990 is not met.

The DC-III, MCC Appraisement-East, directed the company to pay the differential/leviable amount of duty and taxes that is Rs 4.44 million in terms of customs duty, Rs 4.484 million in terms of sales tax and Rs 490,856 in terms of income tax.

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