KARACHI: The Collectorate of Customs Adjudication-II has issued a show-cause notice to M/s ZZ & Company (Zoobia Zafar and Company) for allegedly causing a loss of Rs 2.6 million to the national exchequer by way of mis-declaration of classification, it is learnt.
Sources told Customs Today that during scrutiny of the import data it was revealed that M/s ZZ & Company imported a consignment of different machinery parts and cleared the same by mis-declaring the classification under Pakistan Custom Tariff from Customs Port Qasim through their clearing agent namely M/s Subhan Traders.
The company availed undue/ inadmissible benefit/ exemption of sales tax vide S. No. 46, whereas the imported goods are correctly classifiable under PCT 2355.2569.
It is pertinent to mention here that, M/s ZZ & Company itself has imported identical/same import under correct PCT. Apart from it, all other importers of different kind of machinery parts have either declared the imports themselves or assessed by the Collectorate under correct PCT.
Accordingly, an audit observation was issued to the said importer. The importer was requested to submit the reply soon. Instead, the importer requested for extension of 14 days in submitting the reply.
However, the importer has failed to come up with any tangible evidence and explanation and is also unable to refute the charges leveled by the department.
