KARACHI: The Directorate of Customs Post Clearance Audit (PCA) on Thursday detected duties and tax evasion of Rs 7.80 million by M/s Wajid Shamsi Computer Accessories, it is learnt here.
Sources told Customs Today that M/s Wajid Shamsi Computer Accessories imported a consignment of different kinds of computer systems, mother boards, rams, power supplies and casings, and got it cleared from the QICT Karachi vide GDs on August 12, 2017 by paying customs duty very low at 6 percent after claiming the benefit of the SRO 579/2007.
However, the subject items were correctly classifiable under the PCT 2548.2504 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 7.80 million. The goods were cleared by Appraiser Iftikhar Ahmed Khan.
Sources said that the importer violated the provisions of Section 39 (7-A) of the Customs Act-1969, Section 64 read with Section 24 of the Sales Tax Act-1990 and Section 85 of Income Tax Ordinance 2001 punishable under clauses (36) and 98 of Section 48(2) of the Customs Act-1969, Section 12 of the Sales Tax Act-1990 and Section 57 & 35 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.
