KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon detected duties and tax evasion of Rs7.80 million by M/s Taj Deluxe Traders, Karachi, it is learnt here.
Sources told Customs Today on Aug 10, 2018, M/s Taj Deluxe Traders, Karachi imported a consignment of different types of wall paints chemicals, powder form colours, and mixing machines got it cleared from the QICT on February, 19, 2018 by paying customs duty at 10 percent after claiming the benefit of the SRO 569/2007.
However, the subject items were correctly classifiable under the PCT 5487.3807 attracting customs duty at 12 percent and income tax at 10 percent, thus by way of mis-declaration of classification, the company evaded Rs7.80 million. During the month of February, 2018, the goods were cleared by Examiner Zia ur Rehman and Shafqat Qayyum Khan.
Sources said that the importer violated the provisions of Section 6-C,2B & 25 (2, 8and 6-A) of the Customs Act-1969, Section 54 read with Section 9 of the Sales Tax Act-1990 and Section 31 of Income Tax Ordinance 2001 punishable under clauses (548) of Section 48(7) of the Customs Act-1969, Section 34 of the Sales Tax Act-1990 and Section 89 of Income Tax Ordinance 2001 and Section 9-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.
