KARACHI: The Directorate of Customs Post Clearance Audit (PCA) on Thursday has detected duties and tax evasion of Rs 14.54 million by M/s Jalees Generators & Auto Parts accessories, it is learnt here.
Sources told Customs Today that M/s Jalees Generators & Auto Parts Accessories imported two consignments of commercial generators parts, and got it cleared from the QICT Karachi vide GDs on 2nd November, 2017 by paying customs duty very low at 10 percent after claiming the benefit of the SRO 562/2007.
However, the subject items were correctly classifiable under the PCT 3487.2407 attracting customs duty at 14 percent and income tax at 8 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 14.54 million. The goods were cleared by Appraiser Nabeel Mastung.
Sources told that the importer violated the provisions of Section 98 (7-A) of the Customs Act-1969, Section 06 read with Section 23 of the Sales Tax Act-1990 and Section 53 of Income Tax Ordinance 2001 punishable under clauses (254) and 358 of Section 191(4) of the Customs Act-1969, Section 41 of the Sales Tax Act-1990 and Section 23 & 29 of Income Tax Ordinance 2001 and Section 2-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.
