Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

DC Baasit Hussain issues ONO against M/s V.A International for evading duty, taxes

byMuhammad Yousaf
11/03/2017
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Deputy Collector of Customs Adjudication-II, Baasit Hussain has issued order-in-original (ONO) against M/s. V.A International for evading customs duty and taxes of Rs 165,440

According to the details, M/s M.A International has imported two consignments of aerosole spray under PCT heading 3208.9090 paying customs duty at the rate of 12.5 percent claiming benefit of SRO 659(I) 2007 dated June 3, 2007. However, the subject goods are correctly classifiable under PCT 3208.2090 attracting customs duty at the rate of 20 percent, sales tax at 17 percent, additional taxes at 3 percent and income tax at the rate 6 percent.

You might also like

Punjab revises property valuation rates to attract UAE & Gulf investors

05/05/2026

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

05/05/2026

The firm by the way of mis-declaration short paid customs duty of Rs 117,436, sales tax Rs 13,158, additional sales tax Rs 12,542 and income tax Rs 22,304 which comes to the total of Rs 165,440.

Therefore, the importer has violated the provision of Section 32(1), (2), (3A) of the Customs Act 1969, Section 3, 6, & 7 read with Section 34 of the Sales Tax 1990 and Section 148 of Income Tax Ordinance 2001 punishable under clauses (1), and 14 of Section 156(1) of the Customs Act 1969, Section 33(5), of the Sales Tax Act, 1990 and Section 148 and 182 of Income Tax Ordinance.

The firm was given several opportunities to rebut the charges leveled in the show-cause notice but neither was any written reply submitted nor did anyone appear to defend the case. Non-pursuance of the case by the firm shows that they do not have any valid argument to present in their defense.

Deputy collector Basit Hussain, therefore, observed that the duty and tax evasion charges stands established against the M/s M.A International and directed it to deposit Rs 165,440 in the government treasury

Related Stories

Punjab revises property valuation rates to attract UAE & Gulf investors

byCT Report
05/05/2026

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

byCT Report
05/05/2026

LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately instruct its field...

FTO dismisses Rs70m tax evasion complaint

byCT Report
05/05/2026

LAHORE: The Federal Tax Ombudsman (FTO) has dismissed a complaint involving alleged tax evasion of over Rs70 million, reiterating that...

FBR waives penalties on Rs8.77b tax liability of PIA

byCT Report
05/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting...

Next Post

Jubilee Life Insurance moves SHC against recovery notice of Rs 100 million

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.