KARACHI: The Directorate of Customs Post Clearance Audit has detected an evasion of duties and taxes of Rs 4.24 million allegedly by M/s Ghafoor Textile (Private) Limited Karachi, it is learnt.
The official sources told Customs Today that M/s Ghafoor Textile (Private) Limited imported a consignment of fabric printed machines and their parts, silk wool from China under the PCT Heading 6903.2387 and got it cleared from the PICT Karachi vide GDs on June 18, 2017 by paying customs duty at 8 percent after claiming the benefit of the SRO 677/2007.
However, the subject items are correctly classifiable under the PCT 2807.7829 attracting customs duty at 12 percent and income tax at 8 percent thus, by way of mis-declaration of classification, M/s Ghafoor Textile (Private) Limited evaded/short-paid Rs 4.24 million by the hand of Examiner Shah Gul Khan and Appraiser Rafiq A Khan.
Sources told reporter that the importer has violated the provisions of Section 52 (2) & (7A) of the Customs Act-1969, Section 15,16 read with Section 76 of the Sales Tax Act-1990 and Section 187 of Income Tax Ordinance 2001 punishable under clauses (136) and 124 of Section 755(8) of the Customs Act-1969, Section 77 of the Sales Tax Act-1990 and Section 87 & 129 of Income Tax Ordinance 2001 and Section 7-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.
