KARACHI: The Directorate of Customs Post Clearance Audit on Tuesday detected duties and tax evasion of Rs 16.24 million by M/s Noushaba Food Industries, Thatta, it is learnt here.
Sources told Customs Today that M/ Noushaba Food Industries, Thatta imported two consignments of pine apples cane, foods creams, food colors, and different types of flavors and got it cleared from the QICT Karachi on January 26, 2018, after paying customs duty at 6 percent, claiming the benefit of the SRO 569/2007.
However, the subject items were correctly classifiable under the PCT 2487.3607 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 Rs16.24 million. The goods were cleared by Appraiser Rashid Kamran.
Sources said that the importer violated the provisions of Section 27 (58-A) of the Customs Act-1969, Section 55 read with Section 27 of the Sales Tax Act-1990 and Section 14 of Income Tax Ordinance 2001 punishable under clauses (147) of Section 124(8) of the Customs Act-1969, Section 17 of the Sales Tax Act-1990 and Section 36 of Income Tax Ordinance 2001 and Section 2-B of the Sales Tax Act-1990 read with chapter Y 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.
