LAHORE: Directorate of Customs Post Clarence Audit (PCA) Lahore has recovered over 41 million evaded duty and tax has from three telecommunication companies including Ms PTCL, M/s Telenor and M/s Mobilink during financial year 2015-16
The directorate following auditing the accounts of the companies accounts reached to the conclusion that the companies on account of import of telecommunication equaipment evaded an amount of duty and taxes of Rs 77 million from seven telecommunication companies.The companies included PTCL, Telenor, Mobilink, Zong, Huawai Tech and Wi-Tribe.
The PTCL was detected with evaded tax amount of Rs 1.68 million, Telenor Rs 29.08, Mobilink Rs 15.36 million, Zong Rs 28.83 million, Huawai Tech Rs 0.53, Telenor again Rs 0.39 and Wi-Tribe Rs 0.61 million.
PTCL, Telenor and Mobilink when were approached with detection of evasion of duty and taxes got agreed to deposited the evaded taxes.
Sources told Customs Today that the companies evaded the duty and taxes on the import of telecommunication equipment and for the remaining evaded amount’s recovery; the PCA is engaged with the concerned officials of the companies.
It was informed that the PCA following the modus operandi also started auditing the other telecommunication companies in order to detect duties and taxes evasion in the financial year.
