Customs Intelligence registers 4 cases of mis-diclaration

LAHORE:Directorate of Customs Intelligence and Investigation  has registered Rs 581 million four cases against a telecoms mobile company involving Rs 189.898 million duty and tax evasion.

Official sources told Customs Today, a credible information was received that the telecommunication service provider in collusion with their clearing agent have evaded huge amount of customs duty and other taxes on import and clearance of telecommunication infrastructure equipment in the grab of networking equipment including LAN bridges, hubs, switches and repeaters through mis-declaration of PCT as 8517.6970 attracting 1 percent customs duty against the actual PCT 8517. 6290 chargeable to customs duty at the rate of 20 percent.

 The sources said it has been discovered that the company has evaded huge amount of duty taxes on account of mis-declaration against the imported equipment.

It was added that the customs authorities registered four cases against the company valuing Rs 581. 708 involving duty and taxes of Rs 189.898 million.