KARACHI: The Directorate of Customs Post Clearance Audit (PCA) Director Nadeem Memon detected duties and tax evasion of Rs6.98 million by M/s Jasmine Associates, Karachi it is learnt here.
Sources told Customs Today on Monday that M/s Jasmine Associates, Karachi imported two consignments of dry milk and different kinds of jam, got it cleared from the QICT on December 27, 2017 by paying customs duty at 8 percent after claiming the benefit of the SRO 553/2007.
However, the subject items were correctly classifiable under PCT heading 2548.2507 attracting customs duty (CD) at 12 percent and income tax (IT) at 10 percent, thus by way of mis-declaration of classification the company evaded/short-paid Rs6.98 million.
During the month of December, 2017 the goods were cleared by Examiner Idrees Ahmed. Sources said that the importer violated the provisions of Section 36 (8 and 9-A) of the Customs Act-1969, Section 24 read with Section 35 of the Sales Tax Act-1990 and Section 34 of Income Tax Ordinance 2001 punishable under clauses (247) of Section 78(2) of the Customs Act-1969, Section 84 of the Sales Tax Act-1990 and Section 37 of Income Tax Ordinance 2001 and Section 6-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.
