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 2,503,829 by M/s Trust Enterprise

byM Hayat
24/02/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Directorate of Customs Post Clarence Audit (PCA) has summoned M/s Trust Enterprise Rawalpindi in duty and tax evasion of Rs 2,503,829 by on the import of tarpaulin.

According to the details, the PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Model Customs Collectorates 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

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

25/07/2026

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

25/07/2026

It has been observed that importer had imported various consignments consisting of Tarpaul 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 2,503,829 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

Related Stories

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

byCT Report
25/07/2026

GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

byCT Report
25/07/2026

LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...

SBP foreign exchange reserves increase by $33m

byCT Report
25/07/2026

KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended July 17, 2026, according to the latest...

New Finance Act rule forces businesses to get FBR-verified invoice numbers

byCT Report
25/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every...

Next Post

Customs foils bid to smuggle mobile phones at Karachi airport

  • 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.