KARACHI: The Directorate Customs, Post Clearance Audit, has uncovered an evasion of duties and taxes of Rs12.89million committed by M/s Elyas Plastic and Export Karachi, it is learnt here.
Sources told Customs Today that M/s Elyas Plastic and Export Karachi imported a consignment of special quality of plastic Dana and six molding machines and their parts and got them cleared from the Port Qasim Karachi vide GDs on November 19, 2017 by paying customs duty at 6 percent after claiming the benefits of the SRO 564/2007.
However the subject items were correctly classifiable under the PCT 2809.2479 attracting customs duty at 10 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs12.89million. The goods were cleared through Appraiser Shafiq Mumtaz.
Sources said that the importer violated the provisions of Section 21 (8) & (9A) of the Customs Act-1969, Section 25 read with Section 98 of the Sales Tax Act-1990 and Section 47 of Income Tax Ordinance 2001 punishable under clauses (243) and 122 of Section 159(8) of the Customs Act-1969, Section 64 of the Sales Tax Act-1990 and Section 12 of Income Tax Ordinance 2001 and Section 5-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 pertinent to mention here that the Post Clearance Audit has unearthed a number of cases during the last month of February 2018.
