KARACHI: The Directorate of Customs Post Clearance Audit has unearthed evasion of duties and taxes of Rs8.54million by M/s Hurain Garments (Gulbae) Karachi, it is learnt here.
Sources told Customs Today that M/s Hurain Garments (Gulbae) Karachi imported a consignment of fabric roller machines and their parts and got them cleared from the Port Qasim Karachi vide GDs on December 8, 2017 by paying a low customs duty of 10 percent after claiming the benefit of the SRO 560/2007.
However the subject items were correctly classifiable under the PCT 2548.2409 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 Rs8.54million. The goods were cleared by Head Examiner Shamim Khan.
Sources told CT that the importer violated the provisions of Section 56 (8-A) of the Customs Act-1969, Section 24 read with Section 56 of the Sales Tax Act-1990 and Section 421 of Income Tax Ordinance-2001 punishable under clauses (146) and 96 of Section 148(6) of the Customs Act-1969, Section 63 of the Sales Tax Act-1990 and Section 12 & 23 of Income Tax Ordinance 2001 and Section 9-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 Income Tax Ordinance-2001.
It is predicted that the Post Clearance Audit will detect six more cases during the current month of March.
