KARACHI: The Directorate of Customs Post Clearance Audit (PCA) has detected duties and tax evasion of Rs 9.58 million by M/s Shahina and Sons, it is learnt here.
Sources told Customs Today that M/s Shahina and Sons Karachi imported a consignment of imported emergency lights, charging fans, small solar panel and other accessories, and got it cleared from the PICT Karachi vide GDs on December 15, 2017 by paying customs duty at 8 percent after claiming the benefits of the SRO 560/2007.
However, the subject items were correctly classifiable under the PCT 2507.2487 attracting customs duty at 12 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 9.58 million. The goods were cleared by Head Examiner Sultan A Khan.
Sources told that the importer violated the provisions of Section 42 (7) & (8-A) of the Customs Act-1969, Section 19 read with Section 21 of the Sales Tax Act-1990 and Section 130 of Income Tax Ordinance 2001 punishable under clauses (254) and 149 of Section 471(9) of the Customs Act-1969, Section 82 of the Sales Tax Act-1990 and Section 89 & 178 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.
It is necessary to mention here that Post Clearance Audit has detected a number of cases during last month of January 2018.
