KARACHI: Directorate of Post Clearance Audit (PCA) has directed the management of M/s Samama Enterprises to pay evaded tax and duty amounting to Rs 582,000 and also imposed fine on the company.
Sources told Customs Today that during scrutiny of import data it was revealed that M/s Samama Enterprises availed undue benefits and concessions by importing six consignments of iron ore during the months of January and February. The company availed undue concessions by using SRO 566 and wrong PCT heading.
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Sources said that M/s Samama Enterprises availed zero rating sales tax concessions on these imports. PCA authorities after detecting tax evasion forwarded the case to Customs Adjudication for hearing.
During hearing of the case it was proved that the above said company is involved in tax evasion. PCA authorities after scrutinizing the whole case directed the management of M/s Samama Enterprises to pay evaded tax amount of Rs 582,000 within seven days. The PCA authorities also imposed penalty of Rs 88.000 on the company failing which stern action will be taken against the company.
