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Home Karachi

AIB recommends 100pc examination of stainless steel consignments   

bySohail Rab
14/10/2014
in Karachi, Latest News, Slider News
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KARACHI: The Appraising Intelligence Branch (AIB) of the Model Customs Collectorate-MCC of Appraisement (West) has sent recommendations to the authorities concerned of the Collectorate for conducting 100 per cent examination of the stainless steel consignments having declaration of 200 series.

The sources confirmed Customs Today that the AIB on the directives of Collector-MCC Appraisement (West) Muhammad Saleem has scrutinized the post clearance data of the importers who were involved in the clearance of stainless steel through green channel and any other ways.

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The sources revealed that the AIB during scrutinization of the importers’ data found that several importers were involved in tax evasion worth millions of rupees in terms of duty/taxes by clearing stainless steel of 300Series in the garb of stainless steel of 200Series. The sources revealed that both of the stainless steels i.e. (200Series and 300Series) had different PCT Headings and huge difference in custom duty and other taxes.

“By taking those mis-declarations in clearance of stainless steels into consideration, the AIB has sent recommendations for conducting 100 percent examination of each consignment of the stainless steel in order to keep vigilant eye on tax evaders,” they added.

 

 

Tags: 200Series and 300Series)Appraising Intelligence Branch (AIB) of the Model Customs Collectorate-MCC of Appraisement (West)businessCollector MCC-Appraisement (West) Muhammad SaleemCustoms NewsEconomyFBRrecovery target

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