KARACHI: The Directorate of Post Clearance Audit (PCA) has issued 22 contravention reports revealing tax benefits worth over Rs 202 million in December 2016.
According to the reports that the importers were involved in giving losses of Rs 202.47 million to the national kitty by misusing SRO 1125(I)/2011, mis-declaration of goods and by taking inadmissible tax benefits.
The PCA’s reports stated that some 6 contravention reports were established against the importers who took tax benefits by misusing SRO 1125(I)/2011 through some 41 in goods declarations (GDs) in the consignments imported from Singapore and China.
Similarly, 12 contravention reports were made against 65 GDs filed for the clearance of consignments imported from Malaysia, Singapore, India and China in December 2016, involving over 57 percent of total short tax payment of Rs 202.47m.
