KARACHI: The Directorate of Customs Post Clearance Audit has detected an evasion of duties and taxes of Rs6.26million committed by M/s Zehri & Sons, it is learnt.
Sources told Customs Today that M/s Zehri & Sons imported a consignment of various kinds of milk powder and got it cleared from the Pakistan International Container Terminal Karachi vide GDs on August 7, 2017 by paying the customs duty at 10 percent after claiming the benefits of the SRO 564/2007.
However the subject items are correctly classifiable under the PCT 2304.1249 attracting customs duty at 12 percent and income tax at 8 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs6.26million. The goods were cleared by Head Examiner Shahid Mian.
Sources said the importer violated the provisions of Section 42 (6) of the Customs Act-1969, Section 14 & 15 read with Section 49 of the Sales Tax Act-1990 and Section 135 of Income Tax Ordinance 2001 punishable under clauses (242) and 160 of Section 625(3) of the Customs Act-1969, Section 47 of the Sales Tax Act-1990 and Section 47,58 of Income Tax Ordinance 2001 and Section 8-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 worth mentioning here that the Directorate of Customs Post Clearance Audit (PCA) has uncovered evasion of duties and taxes of Rs9.58million before two days committed by M/s Shahina and Sons.
