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Home Breaking News

PCA detects Rs 180m tax evasion in 77 cases during October

byAftab Channa
04/11/2015
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: The Customs Directorate of Post Clearance Audit (PCA) detected evasion of duty/taxes to the tune of Rs 180.783 million in October 2015.

According to the sources, PCA under the supervision of Director Gul Rehman had detected some 77 cases of tax/duties evasion in just a month.

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In these cases, the audit observations of some 19 cases, while contravention reports of 58 cases have been issued and the importers who brought loss to the national exchequer have been directed to pay the short-paid amount within ten days, sources added.

Custom duty, sales tax, additional sales tax and income tax were evaded on the import of blender with standard accessories through mis-declartion, they added.

The majority of cases are of short-payment of sales tax and corresponding income tax in violation of SRO 1125(I)/2011 dated December 31, 2011. The countries of origin of the imports are China, USA, Sri Lanka, Indonesia, Thailand, Kuwait, Egypt, Italy, Turkey, Saudi Arabia, Malaysia, Germany, Somalia, Australia, UK, UAE, India and Singapore”.

It is mentioned here that Federal Board of Revenue (FBR) had posted Gul Rehman as director PCA in January 2015 and the officer detected cases involving Rs 1 billion in six months despite the fact that the directorate is facing serious issues like shortage of staff etc.

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