Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Lahore

PCA detects duty, tax evasion of Rs 2,043,106 by M/s GRT Trading Company

byM Hayat
04/02/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Directorate of Post Clarence Audit (PCA) has summoned M/s GRT Trading Company in duty and tax evasion of Rs2,043,106 on the import of tarpaulin.

According to the details, PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Model Customs Collectorate during the calendar years. 2012 and 2013 revealed that inadmissible concession of Sales Tax and Value Added Sales Tax under the SRO 1125()/2011 dated 31.12.2011, wrongfully availed on the import of Tarpaulin i.e. sun shedding which is specifically excluded from that ambit of said SRO and hence was not entitled for such benefit under the said SRO.

You might also like

PBC chairman links sustainable growth to equal opportunities for women

04/09/2026

FATF report highlights Oman-based hawala network facilitating transfers to Pakistan

04/09/2026

It has been observed that importer had imported various consignments consisting of tarpaulin and got it cleared under PCT heading 6306.1210 with inadmissible concession under SRO 1125(I/201 1, dated 31.12.2011. Hence, it was said that the importers have short paid an amount Rs 2,043,106 sales tax, additional sales tax and income tax due to wrongful, concession under the SRO I 125(D/2011 dated 31.12.2011.

The importer was asked to pay above mentioned short paid amount of duty/ taxes within 10 days of receipt of this letter positively.

The importer was told in case they do not agree with the audit observation; they may provide the written clarification along with supporting documents as well as import documents i.e. copies of Goods Declaration, Commercial Performa Invoice, LC, Invoice, packing list, contract, purchase order, catalogue / literature etc. on or before the stipulated time.

The importer was also told to appear in person of received undersigned through an on the accredited situated aforesaid at representative at the Customs House to rebut the audit observation.

Related Stories

PBC chairman links sustainable growth to equal opportunities for women

byCT Report
04/09/2026

KARACHI: Pakistan Business Council (PBC) Chairman Ziad Bashir has linked the country’s sustainable growth to women having equal opportunities and...

FATF report highlights Oman-based hawala network facilitating transfers to Pakistan

byCT Report
04/09/2026

LAHORE: An Oman-based hawala network used WhatsApp, mobile-linked transfers and e-wallets to facilitate unlicensed cross-border remittances to Pakistan, according to...

PAKISTAN-AFGHANISTAN-UNREST-BORDER

$2.5bn losses suffered due to closure of Pak-Afghan borders

byCT Report
04/09/2026

PESHAWAR: President of the Khyber Chamber of Commerce and Industry (KCCI), Yousaf Afridi, has said that the closure of the...

Cotton mills face daily losses of over Rs10m amid fumigation dispute

byCT Report
04/09/2026

ISLAMABAD: Pakistan’s cotton fumigation operations have effectively come to a halt following a clearance dispute involving imported Methyl Bromide, leaving...

Next Post

UK introduces £1,500 tax free pension advice allowance

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.