KARACHI: The federal government, through amendment in Finance Act, has restrained Pakistan Customs from taking action in cases where full amount of short paid duty, taxes or other charges are paid voluntarily prior to initiation of audit inquiry or investigation.
Through Finance Act, 2018 a proviso has been added to Sub-section 3 of Section 32 of Customs Act 1969 to stop the customs authorities against taking such action.
Sub section 3 of Section 32 mainly deals where any inadvertence, error or misconstruction of duty and tax have not levied.
In the latest changes to this section, the customs authorities will not initiate audit and investigation in case full amount of short paid duty, taxes or other charges are paid voluntarily prior to initiation of audit inquiry or investigation.
