KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 8.54 million by M/s Hurain Garments (Gulbae) Karachi, it is learnt here.
Sources told Customs Today that M/s Hurain Garments (Gulbae) imported a consignment of fabric roller machines and their parts and got it cleared from the Port Qasim Karachi vide GDs on December 8, 2017 by paying customs duty very low at 10 percent after claiming the benefit of the SRO 560/2007.
However, the subject items were correctly classifiable under the PCT 2548.2409 attracting customs duty at 14 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 8.54 million. The goods were cleared by Head Examiner Shamim Khan.
Sources told that the importer violated the provisions of Section 56 (8-A) of the Customs Act-1969, Section 24 read with Section 56 of the Sales Tax Act-1990 and Section 421 of Income Tax Ordinance 2001 punishable under clauses (146) and 96 of Section 148(6) of the Customs Act-1969, Section 63 of the Sales Tax Act-1990 and Section 12 & 23 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.
