KARACHI: The Directorate General, Post Clearance Audit PCA, Directorate Karachi has detected tax evasion of around Rs 200,000 by M/s Zaghum Enterprises by availing undue benefits of SRO 659(I)/2007 on import of uncoated polyester film. An audit observation has also been issued to the importer.
According to details, during the audit of import clearances made under different concessionary SROs, it has been found that M/s Zaghum Enterprises imported consignment of Uncoated Polyester film and availed 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, 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 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. Zaghum Enterprises, Karachi with active involvement of their clearing agent M/s Haji Muhammad Enterpises has willfully and knowingly misdeclared the imported goods under PCT heading 3920.6310 in order to avail the concessionary and to avoid payment of actually leviable duty/taxes i.e Customs Duty @ 20% Sales Tax @ 17% and WHT @ 6 %.
Therefore, M/s. Zaghum Enterprises Karachi is directed to pay the evaded amount of duties/taxes at the earliest.
