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Karachi Customs PCA detects tax evasion of Rs 340m in February 2016

byAftab Channa
03/03/2016
in Karachi, Latest News
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KARACHI: The Customs Directorate of Post Clearance Audit has detected evasion of taxes/duties to the tune of Rs 340 million in February 2016

According to sources, Directorate of the PCA under the supervision of Director Gul Rehman detected 43 cases of tax/duties evasion in one month.

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Among the cases, the audit contravention report of 11 cases has been issued while audit observations of another 32 cases was also issued and the importers who brought loss to the national exchequer were asked to pay the short paid amount, sources added.

“There are cases of short mis-declaration of classification of coated calcium carbonate, misuse of sixth schedule, under valuation of tyres and tubes with or without flaps from India, non-application of valuation ruling, misuse of SRO 659(I)/2007, mis-declaration of classification of sulphur bentonite and misuse of SRO 549(I)/2008”.

The countries where the consignments were imported include China, Korea Republic, Vietnam, European Union, India, United Kingdom, United Arab Emirates, Oman, Turkey and Thailand.

In the month of January 2016, Directorate of PCA Karachi had detected some 48 cases of tax/duties evasion amounting to Rs 531.147 million. In these cases, the audit observations of some 22 cases while contravention reports for 26 cases have been issued and the cases are in adjudication.

It is mentioned here that Federal Board of Revenue had posted Gul Rehman as Director PCA-Karachi in January 2015 and the officer broke all the records as cases of tax evasion was detected to the tune of Rs 1 billion in six months despite the fact that the directorate is facing serious issues like shortage of staff etc.

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