KARACHI: The Directorate of Customs Post Clearance Audit (PCA) detected duties and tax evasion of Rs 3.57 million by M/s Rafiqana Electronics, Karachi, and sent report to adjudication on July 20, it is learnt here.
Sources told Customs Today that M/s Rafiqana Electronics, Karachi imported a consignment of electronics items including LED TV sets, DVDs computer mother boards, RAMs, chargeable speakers, air conditioners accessories, ceiling battery fans, small batteries and other different goods, and got them cleared from the QICT Karachi vide GD on January 28, 2018 by paying customs duty low at 10 percent after claiming the benefit of the SRO 556/2007.
However, the subject items were correctly classifiable under the PCT 3548.2507 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 Rs 3.57 million. The goods were cleared by Examiner Raheem Siddique.
Sources said that the importer violated the provisions of Section 59 (7-A) of the Customs Act-1969, Section 17 read with Section 27 of the Sales Tax Act-1990 and Section 38 of Income Tax Ordinance 2001 punishable under clauses (89) of Section 48(9) of the Customs Act-1969, Section 87 of the Sales Tax Act-1990 and Section 71 of Income Tax Ordinance 2001 and Section 7-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.
