KARACHI: The Collectorate of Customs Adjudication-II has served a show-cause notice on M/s Universal Enterprises for tax evasion to the tune of Rs 3.6 million for availing concessionary benefits of SRO 1125(I)/2011 SRO 638(I)/2005 in three consignments.
According to details, PCA-Karachi Directorate, during scrutiny/ audit of import data, found that M/s Universal Enterprises had imported “Privac 400ML Operation Theater System Large-Lock Connection (QTY 25000 PCS)” through MCC Appraisement (East) at a unit value Euro 0.3415 per piece from Germany.
It is evident from the history of the importers that a case of under valuation of the identical item has been found and adjudicated vide Order-in-Original No. 411048 – 26082015 on the basis of invoice found in the container at the time of examination, showing unit value at the rate of Euro 1.0742 per piece and the goods were assessed and cleared by the importers on the found value.
Thus, M/s Universal Enterprises, Karachi were required to pay Rs 3,619,499 in three consignments.
The hearing has been fixed in the last week of the November 2015 before Collector Adjudication-II.
