KARACHI: The Directorate of Customs Post Clearance Audit on Monday (PCA) detected duties and tax evasion of Rs14 million by M/s Barkati Fertilizer, Hyderabad it is learnt here.
Sources told Customs Today, that M/s Barkati Fertilizer, Hyderabad imported a consignment of different kind of seeds, urea and fertilizer chemicals got it cleared from the PICT Karachi on 19th December, 2018 by paying customs duty at only 6 percent after claiming the benefits of the SRO 559/2007.
However, the subject items were correctly classifiable under the PCT 2148.2507 attracting customs duty at 10 percent and income tax at 8 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 14 million. The above mentioned consignment was cleared by Assistant Appraiser Shahid Noor during the month of February, 2017.
PCA sources said that the importer violated the provisions of Section 44 and 45 (4-A) of the Customs Act-1969, Section 27 read with Section 24 of the Sales Tax Act-1990 and Section 35 of Income Tax Ordinance 2001 punishable under clauses (522, 612.624) of Section 254(8) of the Customs Act-1969, Section 63 of the Sales Tax Act-1990 and Section 56 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.
