KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 11.55 million by M/s Reliance Garments Hyderabad, it is learnt here on Monday.
Sources told Customs Today that M/s Reliance Garments imported a consignment of silk cloth, printed material and other goods, and got it cleared from the PICT Karachi vide GDs on September 11, 2017 by paying customs duty very low at 8 percent after claiming the benefits of the SRO 567/2007.
However, the subject goods were correctly classifiable under the PCT 2547.2509 attracting customs duty at 12 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs11.55 million. The goods were cleared by Head Examiner Mubushir Khan.
Sources told that the importer violated the provisions of Section 58 of the Customs Act-1969, Section 89 read with Section 24 of the Sales Tax Act-1990 and Section 254 of Income Tax Ordinance 2001 punishable under clauses (248) and 149 of Section 249(8) of the Customs Act-1969, Section 28 of the Sales Tax Act-1990 and Section 98 & 365 of Income Tax Ordinance 2001 and Section 9-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.
Sources told the Directorate of Customs Post Clearance Audit will investigate 16 more cases in the month of March, total 29 cases are pending in the hand of PCA.
