KARACHI: The Model Customs Collectorates Preventive and Port Muhammad Bin Qasim has been issued a total of 17 audit reports and 92 audit observations, detecting short recovery and revenue leakages of Rs 1229.1502 million by both the field formation collectorates.
With the negligence by the authorities concerned, the sources told Customs Today that the MCC Preventive, Customs House and Port Muhammad Bin Qasim had caused revenue leakages of Rs 1229.150 million to the national exchequer.
The revenue leakages were detected under the head of sales tax, income tax, mis-classification of valuation rulings in the different imported consignments and the undue benefits taken by the importers under various SROs.
It is pertinent to mention here, that the authorities have already expressed its concerned that the MCC-Port Muhammad bin Qasim authorities were not replying positively towards audit paras sent by the Internal Audit-Customs.
And with the complaints, the Chairman Federal of Revenue (FBR) had also visited the Port Muhammad Bin Qasim few months back and instructed the customs authorities to pay special heed towards the revenue collection and improve the performance of the Collectorate
