KARACHI: The Federal Board of Revenue’s Regional Tax Office-III (RTO-III) Karachi, with the collaboration of Directorate of Customs Intelligence and Investigation Karachi region, has unearthed two mega tax evasion cases in which huge amount Rs 3.7 billion was allegedly evaded by importers of computer equipments.
In one such case, an importer allegedly imported consignment containing computer equipments through informal channels and thus embezzled Rs. 3 billions in terms of sales tax.
According to the sources, this business entity which name was not disclosed yet, has been provided a chance to explain this accusation of huge tax evasion.
The importer, however, could not prove their case, rather they insisted that these goods were never imported in Pakistan and were delivered and sold outside Pakistan through their sister companies.
on the other hand, the investigation report which has been sent to the suppliers/manufacturers of these products in other countries revealed that the business entity had conferred the sale of these equipments to various clients in Pakistan.
In the other case of identical nature the second accused company adopted the same mechanism to evade around Rs. 700 millions in wake of taxes.
Our sources claimed that one of such business entity is reportedly a mobile company. Adjudication on the directives of the Chief Commissioner Ahmed Saeed, has already been done in both the cases by the Regional Tax Office-III, Karachi.
