KARACHI: The Directorate of Customs Post Clearance Audit (PCA) has detected duties and tax evasion of Rs 8.50 million allegedly by M/s Amjad Salman and Company on December 7, it is learnt.
Official sources told Customs Today that the company imported a consignment of USB head phones, keyboards and other computer accessories under the PCT Heading 2604.3403 and got it cleared from Port Qasim Karachi vide GDs on October 27, 2017 by paying customs duty at 6 percent after claiming a benefit of SRO 562/2007 through Appraiser Mudassir Hussain.
However, the subject item is correctly classifiable under the PCT 2709.3870 attracting customs duty at 10 percent and income tax at 12 percent. Thus, by way of mis-declaration of classification, M/s Amjad Salman and Company evaded/ short-paid Rs 8.50 million.
So the importer has violated the provisions of Section 32 (8) & (2B) of the Customs Act-1969, Section 8, 9 read with Section 52 of the Sales Tax Act-1990 and Section 132 of Income Tax Ordinance 2001 punishable under clauses (3) and 48 of Section 156(6) of the Customs Act-1969, Section 28 (9) of the Sales Tax Act-1990 and Section 137 & 146 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.
Accordingly, an audit observation was issued to M/s Amjad Salman & Co for explaining and clarifying as to on what basis they have avoided/evaded the taxable duty and taxes.
