KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 7.54 million by M/s Shakeel Associates, Hyderabad, it is learnt here.
Sources told Customs Today that M/s Shakeel Associates imported a consignment of various kinds of PVC Pipes and mix accessories of sanitary and got it cleared from the Port Qasim Karachi vide GDs on August 12, 2017 by paying customs duty very low at 6 percent after claiming the benefit of the SRO 572/2007.
However, the subject items were correctly classifiable under the PCT 3254.2407 attracting customs duty at 10 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 7.54 million. The goods were cleared by Appraiser Sana Ullah Abro.
Sources said that the importer violated the provisions of Section 32 (4-A) of the Customs Act-1969, Section 89 read with Section 24 of the Sales Tax Act-1990 and Section 25 of Income Tax Ordinance 2001 punishable under clauses (247) and 120 of Section 29(3) of the Customs Act-1969, Section 17 of the Sales Tax Act-1990 and Section 25 & 44 of Income Tax Ordinance 2001 and Section 7-A of the Sales Tax Act-1990 read with chapter X of the Sales Tax Special Procedure Rules 2007 (Special procedures for payment of sales tax by the importers) and under relevant provisions of Income Tax Ordinance 2001.
