KARACHI: The Directorate of Customs Post Clearance Audit (PCA) has detected duty and tax evasion of Rs 16.47 million allegedly by M/s M Mobeen and Sons, it is learnt.
Official sources told Customs Today that M/s M Mobeen and Sons imported a consignment of different kinds of computer and computer accessories under the PCT Heading 2507.4589 and got it cleared from the Port Qasim Karachi vide GDs on November 22, 2017 by paying customs duty at 6 percent after claiming a benefit of SRO 558/2007. The consignment was cleared through Examiner Ghulam Rasool.
However, the subject item is correctly classifiable under the PCT 2508.5487, attracting customs duty at 10 percent and income tax at 12 percent. So through mis-declaration of classification, M/s M Mobeen and Sons evaded to pay Rs 16.47 million.
Sources told the importer has violated the provisions of Section 42 (4) & (3B) of the Customs Act-1969, Section 4, 6 read with Section 60 of the Sales Tax Act-1990 and Section 150 of Income Tax Ordinance 2001 punishable under clauses (5) and 50 of Section 155(5) of the Customs Act-1969, Section 32 (4) of the Sales Tax Act-1990 and Section 139 of Income Tax Ordinance 2001 and Section 9-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 the Income Tax Ordinance 2001.
Accordingly, an audit observation was issued to M/s M Mobeen and Sons for explaining and clarifying as to on what basis they have avoided/evaded the taxable duties and taxes.
