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 huge tax evasion by M/s M N Enterprises

byM Hayat
30/05/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: Directorate of Customs Post Clarence Audit (PCA) has summoned the management of M/s M N Enterprises Business Centre Hall Road Lahore in duty and tax evasion on import of tarpaulin.

According to details, the 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 inadmissible concession of sales tax and value added sales tax under the SRO (1125)/2011 dated 31.12.2011, wrongfully availed on 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.

You might also like

FCCI top office-bearers set for unopposed election

26/09/2026

KPRA team visits private hospitals, directs to submit financial data

26/09/2026

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 of Rs 8335340 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, catalog/literature etc. on or before the stipulated time.

The importer was also told to appear in person or through an accredited representative at Customs House to rebut the audit observation.

Related Stories

FCCI top office-bearers set for unopposed election

byCT Report
26/09/2026

FAISALABAD: The election process of the Faisalabad Chamber of Commerce & Industry (FCCI) has entered its final stage after the...

KPRA team visits private hospitals, directs to submit financial data

byCT Report
26/09/2026

PESHAWAR: An enforcement team of Khyber Pakhtunkhwa Revenue Authority (KPRA), Mardan & Malakand Region visited multiple registered private hospitals and...

Pakistan Navy seizes over 2,800kg narcotics worth $750m in Arabian Sea

byCT Report
26/09/2026

KARACHI: Pakistan Navy ships PNS Hunain and PNS Yarmook have seized more than 2,800 kilograms of narcotics during a joint...

LHC halts FBR recovery drive against Mepco over Rs4.53b tax dispute

byCT Report
26/09/2026

LAHORE: The Lahore High Court (LHC) has restrained the Federal Board of Revenue (FBR) from taking coercive action against the...

Next Post

Faisalabad Customs Intelligence seizes smuggled fabric, truck

  • 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.