KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 6.50 million allegedly by M/s Tajuddin Fabrics and Export, Karachi, it is learnt here.
Sources told Customs Today that M/s Tajuddin Fabrics imported a consignment of fabric colours and chemicals, from Malaysia and got it cleared from the PICT vide GDs on October 16, 2017 by paying customs duty at 10 percent after claiming the benefits of the SRO 561/2007.
However, the subject items are correctly classifiable under the PCT 5608.7809 attracting customs duty at 12 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 6.50 million. The goods were cleared through Examiner Ovaise Mengal and Appraiser Mukhtar Gul.
Sources said that the importer violated the provisions of Section 58 (2) & (8A) of the Customs Act-1969, Section 18 read with Section 57 of the Sales Tax Act-1990 and Section 187 of Income Tax Ordinance 2001 punishable under clauses (239) and 176 of Section 667(7) of the Customs Act-1969, Section 78 of the Sales Tax Act-1990 and Section 78 & 136 of Income Tax Ordinance 2001 and Section 7-A of the Sales Tax Act-1990 read with chapter X of the Sales Tax Special Procedure Rules 2007 (special procedures for payment of sales tax by the importers) and under relevant provisions of Income Tax Ordinance 2001.
It is necessary to mention here that Post Clearance Audit has detected a number of cases during last two months of October and November.
