KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 7.58 million by M/s Jaffar Salman Chemicals, Karachi, it is learnt here.
Sources told Customs Today that M/s Jaffar Salman Chemicals imported a consignment of various type of chemicals, including paints and dying chemicals, and got it cleared from the PICT Karachi vide GDs on November 16, 2017 by paying customs duty at 8 percent after claiming the benefit of the SRO 566/2007.
However, the subject items were correctly classifiable under the PCT 2807.4578 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 7.58 million. The goods were cleared by Head Examiner Ovaise Mengal.
Sources said that the importer violated the provisions of Section 59 (4) & (8A) of the Customs Act-1969, Section 12 read with Section 69 of the Sales Tax Act-1990 and Section 184 of Income Tax Ordinance 2001 punishable under clauses (240) and 167 of Section 478(8) of the Customs Act-1969, Section 79 of the Sales Tax Act-1990 and Section 88 & 189 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 month December.
