Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Lahore

PCA detects duty, tax evasion of Rs 2,043,106 by M/s GRT Trading Company

byM Hayat
04/02/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Directorate of Post Clarence Audit (PCA) has summoned M/s GRT Trading Company in duty and tax evasion of Rs2,043,106 on the import of tarpaulin.

According to the details, PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Model Customs Collectorate during the calendar years. 2012 and 2013 revealed that inadmissible concession of Sales Tax and Value Added Sales Tax under the SRO 1125()/2011 dated 31.12.2011, wrongfully availed on the import of Tarpaulin i.e. sun shedding which is specifically excluded from that ambit of said SRO and hence was not entitled for such benefit under the said SRO.

You might also like

FBR fails to recover Rs5.62b in taxes from 106 taxpayers

11/08/2026

Faheem Saigol stresses competitive access to Iranian market

11/08/2026

It has been observed that importer had imported various consignments consisting of tarpaulin and got it cleared under PCT heading 6306.1210 with inadmissible concession under SRO 1125(I/201 1, dated 31.12.2011. Hence, it was said that the importers have short paid an amount Rs 2,043,106 sales tax, additional sales tax and income tax due to wrongful, concession under the SRO I 125(D/2011 dated 31.12.2011.

The importer was asked to pay above mentioned short paid amount of duty/ taxes within 10 days of receipt of this letter positively.

The importer was told in case they do not agree with the audit observation; they may provide the written clarification along with supporting documents as well as import documents i.e. copies of Goods Declaration, Commercial Performa Invoice, LC, Invoice, packing list, contract, purchase order, catalogue / literature etc. on or before the stipulated time.

The importer was also told to appear in person of received undersigned through an on the accredited situated aforesaid at representative at the Customs House to rebut the audit observation.

Related Stories

FBR fails to recover Rs5.62b in taxes from 106 taxpayers

byCT Report
11/08/2026

LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...

Faheem Saigol stresses competitive access to Iranian market

byCT Report
11/08/2026

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman and Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol...

Neelum-Jhelum project unlikely to generate electricity before 2028

byCT Report
11/08/2026

ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...

Roshan Digital Account inflows rise 52pc to $282m in July

byCT Report
11/08/2026

KARACHI: Investment inflows through Roshan Digital Accounts (RDAs) increased by 52% year-on-year to $282 million in July 2026, reflecting stronger...

Next Post

UK introduces £1,500 tax free pension advice allowance

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.