KARACHI: The Directorate of Customs Post Clearance Audit on Friday detected duties and tax evasion of Rs 9.25 million by M/s Amir Chemical Industries, Thatta, it is learnt here.
Sources told Customs Today that M/s Amir Chemical Industries, Thatta imported two consignments chemicals and material (used in leather manufacturing, and commercial use) and got it cleared from the QICT Karachi on 7th November, 2017, by paying customs duty at 8 percent after claiming the benefit of the SRO 569/2007.
However, the subject items were correctly classifiable under the PCT 2547.3804 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 Rs9.25 million. The goods were cleared by Examiner Zahid Mujahid.
Sources told that the importer violated the provisions of Section 34 (59-A) of the Customs Act-1969, Section 24 read with Section 48 of the Sales Tax Act-1990 and Section 11 of Income Tax Ordinance 2001 punishable under clauses (241) of Section 12(6) of the Customs Act-1969, Section 9 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.
