KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 12.58 million by M/s Amir Waheed Garments Thatta, it is learnt here.
Sources told Customs Today that M/s Amir Waheed Garments Thatta imported a consignment of printed chemicals (powder and liquid form) packing material and other things, and got it cleared from the Port Qasim Karachi vide GDs on October 11, 2017 by paying customs duty very low at 10 percent after claiming the benefit of the SRO 569/2007.
However, the subject items were correctly classifiable under the PCT 6524.2409 attracting customs duty at 14 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 12.58 million. The goods were cleared by Head Examiner Mubusshir Khan.
Sources told that the importer violated the provisions of Section 58 (7-A) of the Customs Act-1969, Section 47 read with Section 49 of the Sales Tax Act-1990 and Section 123 of Income Tax Ordinance 2001 punishable under clauses (258) and 117 of Section 247(6) of the Customs Act-1969, Section 55 of the Sales Tax Act-1990 and Section 48 & 56 of Income Tax Ordinance 2001 and Section 9-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.
It is necessary to mention here that Post Clearance Audit will detected a number of cases during the current month of March.
