KARACHI: The Directorate of Customs Post Clearance Audit has showed an outstanding performance during the current month of December and previous month of November and detected more than 18 cases in 27 days of current month. The said eighteen cases have already been reported therefore there is no need to mention them now.
Source told Customs Today that Directorate of Customs Post Clearance Audit has uncovered duties and tax evasion of Rs6.80million allegedly committed by M/s Aslam Color and Matching Dying Karachi, it is learnt here.
Sources said that M/s Aslam Color and Matching Dying Karachi imported a consignment of various kinds of color chemicals and got it cleared from the PICT vide GDs on November 21, 2017 by paying customs duty at eight percent after claiming the benefits of the SRO 568/2007.
However the subject items are correctly classifiable under the PCT 2903.4899 attracting customs duty at 12 percent and income tax at 10 percent. By committing mis-declaration of classification, the company evaded Rs6.80million. The consignment was cleared through Examiner Abdul Sattar and Appraiser Nadir.
Sources further told CT that the importer violated the provisions of Section 68 (2) of the Customs Act-1969, Section 16 read with Section 62 of the Sales Tax Act-1990 and Section 190 of Income Tax Ordinance 2001 punishable under clauses (242) and 164 of Section 660(8) of the Customs Act-1969, Section 80 of the Sales Tax Act-1990 and Section 92 & 123 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.
