KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 13.97 million by M/s Sajid Cotton Embroidery and Export, it is learnt here.
Sources told Customs Today on Monday that M/s Sajid Cotton Embroidery and Export, Karachi imported a consignment of thick fabrics, embroidery silk threat, and sewing machines, and got it cleared from the QICT Karachi vide GDs on January 21, 2018 by paying customs duty low at 10 percent after claiming the benefit of the SRO 567/2007.
However, the subject items were correctly classifiable under the PCT 3548.5409 attracting customs duty at 16 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs13.97 million. The goods were cleared by Appraiser Raja Umar.
Sources said that the importer violated the provisions of Section 65 (2-A) of the Customs Act-1969, Section 24 read with Section 69 of the Sales Tax Act-1990 and Section 31 of Income Tax Ordinance 2001 punishable under clauses (22) of Section 26(3) of the Customs Act-1969, Section 48 of the Sales Tax Act-1990 and Section 87 of Income Tax Ordinance 2001 and Section 3-B 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.
