KARACHI: The Directorate Customs Post Clearance Audit has unearthed an evasion of duties and tax of Rs6.89million committed by M/s Faizi Marble and Export on Friday, it is learnt here.
Sources told Customs Today that M/s Faizi Marble and Export imported a consignment of marble polish chemical, polish machine’s accessories and got it cleared from the PICT Karachi vide GDs on November 12, 2017 by paying customs duty at 10 percent after claiming the benefits of the SRO 568/2007.
However the subject items were correctly classifiable under the PCT 2548.2507 attracting customs duty at 14 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs6.89million. The goods were cleared by Head Examiner Shafiullah Niazi.
Sources said that the importer violated the provisions of Section 36 (8) & (7A) of the Customs Act-1969, Section 28 read with Section 38 of the Sales Tax Act-1990 and Section 25 of Income Tax Ordinance 2001 punishable under clauses (224) and 247 of Section 141(9) of the Customs Act-1969, Section 47 of the Sales Tax Act-1990 and Section 23 & 58 of Income Tax Ordinance 2001 and Section 8-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 the Income Tax Ordinance 2001.
It is necessary to mention here that the Post Clearance Audit is expected to detect 12 more cases in the month of March. Some cases are under investigation.
