KARACHI: Customs Directorate of Post Clearance Audit-Karachi has detected massive evasion of taxes/duties to the tune of Rs 2.1444 million by M/s Pakistan Telecommunication Company Limited through mis-declaration.
According to details, the PCA-Karachi Directorate, during scrutiny of import data of Pakistan Telecommunication Limited Headquarters G-8/4 Islamabad, observed that they imported dual polarization antenna with standard accessories and cleared the same from MCC Port Qasim through their clearing agent M/s Ryan Agencies Private Limited by mis-declaring the goods under PCT 8517.6990 attracting customs duty at 10 percent.
Whereas, the goods are correctly classifiable under PCT heading 8517.6290 chargeable to customs duty at 20 percent. Thus, Pakistan Telecommunication Company by mis-declaration of classification evaded/short paid customs duty Rs 1,736,963, sales tax Rs 295,284 and income tax Rs 111,773 totaling Rs 2,144,020.
Therefore, the Pakistan Telecommunication Company Limited has been requested to pay the above mentioned short paid amount of duty/taxes within 10 days.
