KARACHI: The Collectorate of Customs Adjudication-I has served a show cause notice on M/s IBL Operations (Private) Limited for evading Rs 24.4 million by illegally availing concessionary benefits of FTA under SRO1261(I)/2007.
As per details, the Post Clearance Audit-Karachi, during scrutiny of import data of IBL Operations, revealed that the importer imported consignments of Pringles Snck and cleared the same from MCC Appraisement (West) and MCC Appraisement (East) through their clearing agent M/s Anwar Asghar Bros.
In order to avail concessionary benefits of FTA under S.R.O.1261(I)/2007 dated 31.12.2007, the importer mis-declared the goods under PCT heading 2004.1000 attracting Customs Duty at zero percent whereas the goods are correctly classifiable under PCT heading 1905.9000 chargeable to Customs Duty at 20 percent.
Thus, IBL Operations Pvt Ltd by mis-declaration of classification evaded/short paid custom duty Rs 19,416,304/-, sales tax Rs. 3,300,773/-, additional sales tax Rs. 582,490/- and income tax Rs. 1,164,976 /- totaling Rs. 24,464,542/-.
With the failure to receive any satisfactory response from the importer, the customs adjudication-I has issued a show cause to M/s IBL Operations Pvt Ltd to appear before the Collector Adjudication-I Dr Wasif Memon to justify the fact or else pay the evaded amount.
