KARACHI: The Customs’ Directorate of Post Clearance Audit – Karachi has detected evasion of duties and taxes worth around Rs 3 million by M/s Khaliq Enterprise on import of LED lights.
The sources told Customs Today that the PCA officials found that M/s Khaliq Enterprise imported SMD/LED surface mounted panel lights of different watts through MCC Appraisement West and illegally claimed benefits of Fifth Schedule.
The Federal Board of Revenue has clarified that benefits of Fifth Schedule is for renewable energy technologies for LEDs with or without ballast with fittings. Therefore, the concessions claimed by the importer M/s Khaliq Enterprise were inadmissible to the importer, sources added. In this regard, the importer has been advised to deposit the short-paid taxes/duties at the earliest.
