KARACHI: Collector of Customs (appeals) Dr Zulfiqar Ahmad Malik has remitted the Order in Original (OnO) passed by Appraiser, Adjudication, against M/s Siddiqsons Limited to the tune of Rs 2.5 million taxes.
As per details, M/s Siddiqsons Limited filed an appeal against the OnO passed by appraiser, adjudication, Custom House, Karachi in which the Deputy Collector of Customs, Adjudication passed the ruling that the importer has deliberately concealed the value of the goods and evaded legitimate amount of taxes to the tune of Rs 2,470,441.
The offending value of the goods has been worked out at Rs 5,370,524 deposited in the shape of PDC+IB for the differential amount of duty and taxes which are ‘returned on the proof of subsequent export. In this case the importer deliberately submitted false invoice of lesser value of 46.04 percent, therefore, guilty of submission of fake and forged invoice arid violated the provisions of Section 32 of the Customs Act, 1969.
The importers are indulge in deliberately concealing the value of the goods in to take an attempt of getting the goods assessed on suppressed value and payment of duty / taxes to Rs: 2,470,441/- willfully and with malafide intention. The appellants have therefore contravened under the relevant provisions of law and the adjudicating officer held that the charges against the appellant had been proved, stated in O&O.
However, the Collector of Customs (appeals), Dr. Zulfiqar Ahmad Malik, has cancelled the OnO passed by appraiser, adjudication, against M/s. Siddiqsons Limited saying ‘I have examined the case record. The goods imported by appellants are entitled for concession under SRO 492(I)/2009. There is no discrepancy in the declared quantity and the quantity found on examination. The goods shall be used in production of export. Goods in which event quantity will be re-verified, the value‘of the goods in these cases is determined at par with otherwise imported goods for the sake of uniformity and computing value for Indemnity bond and post dated cheque’.
There is no payment of duty and taxes at this stage. There is no revenue impact of the found invoice; I therefore hold that this scenario does not attract mischief of clause 1(d) of the table to SRO 499(I)/2009. Accordingly redemption fine imposed vide the impugned order is remitted. The original order stands modified to this extent only, concluded Malik.
