LAHORE: Directorate of Post Clarence Audit (PCA) has summoned the management of M/s Trust Enteprises in duty and tax evasion of Rs 230,874 by on the import of tarpaulin.
Sources told Customs Today that during the scrutiny of import data the PCA Lahore observed that the against HS Code 6306.1210 effected from various Customs Collectorate 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.
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 Rs 230,874 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 positivel, otherwise stern action will be taken against the company which may led to seizure of properties and attachment of bank accounts.
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.
It is necessary to mention here that PCA authorities are expedited their efforts to recover outstanding amount from defaulters.
