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PCA detects tax evasion of Rs4.77m by M/s Shahmil Bachkana Garments

byWaqar Ahmed Ansari
23/12/2017
in Karachi, Latest News
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KARACHI: The Directorate of Customs Post Clearance Audit has showing outstanding performance during the first 22 days of December and previous month of November and detected more than 16 cases in 22 days of current month.

Source told Customs Today that Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 4.77 million allegedly by M/s Shahmil Bachkana Garments, Karachi, it is learnt here.

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Sources told that M/s Shahmil Bachkana Garments, Karachi imported a consignment of different type of paint piece jeans from Germany and got it cleared from the PICT vide GDs on October 6, 2017 by paying customs duty at 6 percent after claiming the benefits of the SRO 562/2007.

However, the subject items are correctly classifiable under the PCT 8906.4609 attracting customs duty at 10 percent and income tax at 8 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 4.77 million. The consignment was cleared through Examiner Ovaise Mengal and Appraiser Qayyum Abdul Ghaffar.

Sources told that the importer violated the provisions of Section 62 (8)  of the Customs Act-1969, Section 12  read with Section 59 of the Sales Tax Act-1990 and Section 182 of Income Tax Ordinance 2001 punishable under clauses (239) and 172 of Section 662(7) of the Customs Act-1969, Section 80 of the Sales Tax Act-1990 and Section 90 & 138 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.

 

 

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