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 Lahore

Duty, tax evasion of Rs 111,511 by M/s Imfirs Enterprise detected

byM Hayat
03/04/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Customs Post Clarence Audit (PCA) has summoned M/s Imfirs Enterprise, Multan Road, Lahore in duty and tax evasion of Rs 111,511 by on the import of tarpaulin.

According to details, the PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Model Customs Collectorate during the calendar years. 2012 and 2013 revealed that inadmissible concession of sales tax and value added sales tax under the SRO (1125)/2011 dated 31.12.2011, wrongfully availed on the import of Tarpaulin i.e. sun shedding which is specifically excluded from that ambit of said SRO and hence was not entitled for such benefit under the said SRO.

You might also like

Govt plans 7-year car installment scheme with loans up to Rs10m

14/05/2026

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

14/05/2026

It has been observed that importer had imported various consignments consisting of tarpaulin and got it cleared under PCT heading 6306.1210 with inadmissible concession under SRO 1125(I/201 1, dated 31.12.2011. Hence, it was said that the importers have short paid an amount Rs 111,511 sales tax, additional sales tax and income tax due to wrongful, concession under the SRO I 125(D/2011 dated 31.12.2011.

The importer was asked to pay above mentioned short paid amount of duty/ taxes within 10 days of receipt of this letter positively.

The importer was told in case they do not agree with the audit observation; they may provide the written clarification along with supporting documents as well as import documents.

Related Stories

Govt plans 7-year car installment scheme with loans up to Rs10m

byCT Report
14/05/2026

LAHORE: The federal government is considering a major overhaul of auto financing rules that would allow long-term car installment plans...

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

byCT Report
14/05/2026

ISLAMABAD: The Ministry of Railways has presented a detailed plan in the National Assembly for the upgradation of the 1,726-kilometre...

Federal capital needs proper representation in NFC Award: ICCI

byCT Report
14/05/2026

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Tahir Mehmood has called for the immediate inclusion of Islamabad...

FBR plans AI-based system to detect false tax return data

byCT Report
14/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax monitoring system through the upcoming Finance...

Next Post

Customs Inspector Saifur Rahman retires

  • 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.