KARAC HI: Model Customs Collectorate Appraisement-East recovered Rs. 40.7 million from Oil Gas and Development Company Limited (OGDCL) by applying correct PCT heading.
According to the details, M/s. OGDCL imported a consignment containing Platform and Guard Rail under PCT: 8479.9090 and paid 5 percent Customs Duty.
While assessing the consignment, it was pointed out by the Customs officer at Model Customs Collectorate Appraisement-East that the goods came under the PCT 7308.9090 with Customs Duty 20 percent, Sales Tax 17 percent. The customs found that total tax levied on consignment was Rs. 51 million, while OGDCL paid only Rs. 10.2 million before the assessment.
Therefore, the due tax Rs.40.7 has been recovered from OGDCL after applying correct PCT.
