KARACHI: The Appraising Intelligence Branch (AIB) of Model Customs Collectorate (MCC) of Appraisement-West has finally calculated Rs 1.89 billion penal surcharge against Dewan Cement Limited, Customs Today learnt.
According to sources, the authorities concerned of Law Branch and AIB were jointly taking part in making the final recovery in term of penal surcharge levy against Dewan Cement Limited.
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They further said that the total penal surcharge is Rs 1.89 billion for the last 19 years, as the case was pending since 1995.
The sources disclosed that the Pakistan Customs already collected Rs 86.8 million from Dewan Cement Limited following the Supreme Court orders for its alleged involvement in tax and duty evasion in import of machinery and raw material.
“The authorities concerned of MCC Appraisement-West will send a letter to the Federal Board of Revenue (FBR) Headquarters, Islamabad in connection with the further proceedings in collecting the penal surcharge amount from Dewan Cement Limited,” they added.
To a question, the sources said that the FBR authorities may attach the property of Dewan Cement Limited in case of non-payment of penal surcharge.
The Supreme Court gave a verdict in favour of Pakistan Customs last month in which it asked Dewan Cement (Pakland Cement) to deposit Rs 86.8 million for its involvement in evasion of duty and sales tax. The SC also ordered Dewan Cement Limited to pay surcharge amount for last 19 years.
The Supreme Court has decided the case after 19 years. The Model Customs Collectorate Appraisement in 1995 had detected the tax evasion against Dewan Cement Limited in import of machinery, scrap and raw material.
