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Home Breaking News

Customs PCA unearths mega duty, tax evasion by M/s Comtel

byM Hayat
10/09/2016
in Breaking News, Lahore, Latest News
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LAHORE: Directorate of Post Clarence Audit (PCA) has unearthed duty and tax evasion by M/s Comtel (Private) Limited Lahore by way of mis-classification of telecommunication servers as the computers servers.

The PCA has informed that since January 2012 onward the clearance data of the Customs Collectorate Karachi revealed that the importer got the servers for telecommunication cleared by misclassifying under PCT heading 8471.5000 as server for computers, paying CD @ 0 percent, one percent and two percent instead of classifying under correct PCT heading 8517-6290 attracting CD @ 20 percent.

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It was said that the company deposited short payment worth Rs 1,123,066 (customs duty Rs 884, 290 sales tax Rs 151,803, additional sales tax Rs 26, 529 and income tax Rs 60,444). The PCA has asked the company to pay the evaded amount of duty and taxes.

The PCA said that in case the company does not agree with the audit observation, the company has to provide a written clarification along with the supporting documents as well as all related import documents including copies of goods and declaration, commercial / pro forma invoices, L/Cs packing lists, contracts, purchase orders, catalogue/ literature.

The PCA also told the company representatives may appear in person or through accredited representatives to rebut the audit observation in the chamber of deputy director at the customs Houses.

It was intimated that if no one appears or no reply is received it shall be deemed that the part has nothing to offer in rebuttal of the observation and case shall be dealt as per law on the basis of facts available on record.

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