KARACHI: The Directorate of Customs Post Clearance Audit (PCA) detected duties and tax evasion of Rs 14.58 million by M/s Shamim Garments & Export, Malir Karachi and forwarded the report to concerned adjudication, it is learnt here.
Sources told Customs Today that M/s Shamim Garments & Export imported a consignment of fabrics dying machines, dryer, and sewing machines,(German origin) got it cleared from the QICT Karachi vide GDs 2748 on January 27, 2018 by paying customs duty low at 8 percent after claiming the benefit of the SRO 569/2007.
However, the subject items were correctly classifiable under the PCT 5847.2507 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 Rs 14.58 million. The goods were cleared by Appraiser Sultan Mehmood.
Sources told that the importer violated the provisions of Section 74 (2-A) of the Customs Act-1969, Section 69 read with Section 47 of the Sales Tax Act-1990 and Section 45 of Income Tax Ordinance 2001 punishable under clauses (23) of Section 22(3) of the Customs Act-1969, Section 48 of the Sales Tax Act-1990 and Section 36 of Income Tax Ordinance 2001 and Section 7-B 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.
