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Home Lahore

PCA detects huge tax evasion by M/s M N Enterprises

byM Hayat
30/05/2017
in Lahore, Latest News
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LAHORE: Directorate of Customs Post Clarence Audit (PCA) has summoned the management of M/s M N Enterprises Business Centre Hall Road Lahore in duty and tax evasion on import of tarpaulin.

According to details, the 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 inadmissible concession of sales tax and value added sales tax under the SRO (1125)/2011 dated 31.12.2011, wrongfully availed on 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.

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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 of Rs 8335340 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, catalog/literature etc. on or before the stipulated time.

The importer was also told to appear in person or through an accredited representative at Customs House to rebut the audit observation.

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