KARACHI: The Directorate of Customs Post Clearance Audit (PCA) has detected 18 new cases during the month of April 2018. On Monday, the Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 13.77 million by M/s Kiran Associates (Landhi) Karachi, it is learnt here.
Sources told Customs Today that M/s Kiran Associaes (Landhi) Karachi imported a consignment of hair rolling machines and other goods and got the same cleared from the Port Qasim Karachi vide GDs on January 16 , 2018 by paying customs duty very low at 8 percent after claiming the benefit of the SRO 558/2007.
However, the subject items were correctly classifiable under the PCT 2478.2496 attracting customs duty at 124 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 13.77 million. The goods were cleared through Head Examiner in PQ Shamim Khan.
Sources told that the importer violated the provisions of Section 57(9-A) of the Customs Act-1969, Section 78read with Section 56 of the Sales Tax Act-1990 and Section 784 of Income Tax Ordinance 2001 punishable under clauses (124) and 97 of Section 14(6) of the Customs Act-1969, Section 63 of the Sales Tax Act-1990 and Section 12 & 23 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.
