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Home Breaking News

DC Baasit Hussain issues ONO against M/s V.A International for evading duty, taxes

byMuhammad Yousaf
11/03/2017
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Deputy Collector of Customs Adjudication-II, Baasit Hussain has issued order-in-original (ONO) against M/s. V.A International for evading customs duty and taxes of Rs 165,440

According to the details, M/s M.A International has imported two consignments of aerosole spray under PCT heading 3208.9090 paying customs duty at the rate of 12.5 percent claiming benefit of SRO 659(I) 2007 dated June 3, 2007. However, the subject goods are correctly classifiable under PCT 3208.2090 attracting customs duty at the rate of 20 percent, sales tax at 17 percent, additional taxes at 3 percent and income tax at the rate 6 percent.

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The firm by the way of mis-declaration short paid customs duty of Rs 117,436, sales tax Rs 13,158, additional sales tax Rs 12,542 and income tax Rs 22,304 which comes to the total of Rs 165,440.

Therefore, the importer has violated the provision of Section 32(1), (2), (3A) of the Customs Act 1969, Section 3, 6, & 7 read with Section 34 of the Sales Tax 1990 and Section 148 of Income Tax Ordinance 2001 punishable under clauses (1), and 14 of Section 156(1) of the Customs Act 1969, Section 33(5), of the Sales Tax Act, 1990 and Section 148 and 182 of Income Tax Ordinance.

The firm was given several opportunities to rebut the charges leveled in the show-cause notice but neither was any written reply submitted nor did anyone appear to defend the case. Non-pursuance of the case by the firm shows that they do not have any valid argument to present in their defense.

Deputy collector Basit Hussain, therefore, observed that the duty and tax evasion charges stands established against the M/s M.A International and directed it to deposit Rs 165,440 in the government treasury

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