KARACHI: The Directorate of Customs Post Clearance Audit has showing outstanding performance during the first 20 days of February and detected nine cases.
Source told Customs Today that Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 10.14 million allegedly by M/s Florence sanitary, Karachi, it is learnt here.
Sources told that M/s Florence Sanitary, Karachi, imported a consignment of different type of imported bathroom accessories including Bason and its fitting materials and got it cleared from the PICT vide GDs on December 9, 2017 by paying customs duty at 10 percent after claiming the benefits of the SRO 567/2007.
However, the subject items are correctly classifiable under the PCT 2541.2507 attracting customs duty at 12 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs10.14 million. The consignment was cleared through Examiner Abdul Sattar .
Sources told that the importer violated the provisions of Section 66 (5) of the Customs Act-1969, Section 14 read with Section 47 of the Sales Tax Act-1990 and Section 190 of Income Tax Ordinance 2001 punishable under clauses (247) and 164 of Section 614(6) of the Customs Act-1969, Section 84 of the Sales Tax Act-1990 and Section 92 & 132 of Income Tax Ordinance 2001 and Section 6-A of the Sales Tax Act-1990 read with chapter X of the Sales Tax Special Procedure Rules 2007 (special procedures for payment of sales tax by the importers) and under relevant provisions of Income Tax Ordinance 2001.
