KARACHI: The Directorate of Customs Post Clearance Audit (PCA) on Monday detected duties and tax evasion of Rs 14.45 million by M/s Ayoub Garments and Exports, it is learnt here.
Sources told Customs Today that M/ Ayoub Garments and Export imported a consignment of fabric used chemicals (for printing) sewing machines, parts of juki machines and got it cleared from the PICT Karachi on 22nd January 2018, by paying customs duty at 8 percent after claiming the benefit of the SRO 563/2007.
However, the subject items were correctly classifiable under the PCT 5247.4509 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 Rs14.45 million. The goods were cleared by Appraiser Nabeel Rasheed.
Sources told that the importer violated the provisions of Section 24 (58-A) of the Customs Act-1969, Section 47 read with Section 34 of the Sales Tax Act-1990 and Section 41 of Income Tax Ordinance 2001 punishable under clauses (178) of Section 144(2) of the Customs Act-1969, Section 84 of the Sales Tax Act-1990 and Section 36 of Income Tax Ordinance 2001 and Section 2-B of the Sales Tax Act-1990 read with chapter Y 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.
