KARACHI: The Directorate of Customs Post Clearance Audit has detected an evasion of duties and taxes of Rs7.48million by M/s Sanaullah Zubair Fabrics Karachi, it is learnt here.
Sources told Customs Today that M/s Sanaullah Zubair Fabrics Karachi imported a consignment of imported silk wool and different machine parts and got it cleared from the Pakistan International Container Terminal Karachi vide GDs on November 9, 2017 by paying the customs duty at eight percent after claiming the benefits of the SRO 562/2007.
However the subject items are correctly classifiable under the PCT 2305.5478 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 Rs7.48million. The goods were cleared by Head Examiner Shabbir Ovais.
Sources said the importer violated the provisions of Section 60 (2) & (9A) of the Customs Act-1969, Section 14 read with Section 47 of the Sales Tax Act-1990 and Section 145 of Income Tax Ordinance 2001 punishable under clauses (242) and 160 of Section 625(3) of the Customs Act-1969, Section 28 of the Sales Tax Act-1990 and Section 47 & 158 of Income Tax Ordinance 2001 and Section 7-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.
