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PCA detects duty, tax evasion allegedly by M/s Warid Telecom

byM Hayat
29/10/2016
in Lahore, Latest News
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LAHORE: Directorate of Post Clarence Audit (PCA) has unearthed duty and tax evasion allegedly by M/s Warid Telecom (Private) Lahore by way of mis-classification of servers from telecommunication use as servers for computers.

The PCA has informed that the clearance data effected from Customs Collectorate Lahore during January 2012 onward has revealed that the importer got clearance of the imported servers for telecommunication use by mis-classifying under PCT heading 8471.5000 as servers for computers, paying CD @ 0 percent, one percent and two percent instead of classifying under correct PCT heading 8517-6290 (other machines for the transmission or reception of voice, images or other data, including switching and routing apparatus) attracting customs duty @ 20 percent.

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It was said that the company deposited short payment worth Rs 43,794,721 (customs duty Rs 34,648,386 sales tax Rs 5825,602 additional sales tax Rs 1,039,452 and income tax Rs 2,281,281).

The PCA has asked the company to pay the evaded amount of duty and taxes.

The PCA said that in case the company does not agree with the audit observation, the company has to provide a written clarification along with the supporting documents as well as all related import documents including copies of goods and declaration, commercial / pro forma invoices, L/Cs packing lists, contracts, purchase orders, catalogue/ literature.

The PCA also told the company representatives may appear in person or through accredited representatives to rebut the audit observation in the chamber of deputy director at the customs Houses.

It was intimated that if no one appears or no reply is received it shall be deemed that the part has nothing to offer in rebuttal of the observation and case shall be dealt as per law on the basis of facts available on record.

 

 

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