KARACHI: The Directorate General, Post Clearance Audit PCA, Directorate Karachi has detected tax evasion of around Rs 0.566 million by M/s KK Enterprises on availing undue benefits of SRO 659(I)/2007 on import of uncoated polyester film (milky white). An audit observation has also been issued to the importer.
According to details, during the audit of import clearances, it has been found that M/s KK Enterprises imported consignment of uncoated polyester film (milky white) by mis-declaring the goods under PCT Heading 3920.6310. The importer availed the benefit of SRO 659(I)/2007 dated 30.08.2007, whereas the goods are correctly classifiable under PCT Heading 3920.6200 on which concessionary rate of duty/taxes is not available.
In identical imports made by the other importers, the assessing group has categorically rejected the declared classification of goods under PCT heading 3920.6310 as well as claim of concessionary rate of Customs Duty @ 5% under SRO 659(I)/2007 dated 30.08.2007, on the ground that the imported items i.e. Uncoated Polyester film (Milky White) is correctly classifiable under PCT 3920.6200 chargeable to Customs Duty @ 20% Sales Tax @ 17% and WHT @ 6 %.
It is, therefore, clear that M/s KK Enterprises,, Karachi with active involvement of their clearing agent M/s Ghugee International has wilfully and knowingly mis-declared the imported goods and availed concessionary rate of duties/taxes.
Therefore, M/s. KK Enterprises, Karachi is advised to pay the evaded duties/taxes.
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