KARACHI: Customs Directorate of Post Clearance Audit (PCA) has forwarded seven cases of tax evasion amounting to Rs 0.5 million, in which the importers were reportedly taking undue advantage of SRO 1125 (I)/2011 in importation of fabric, chemicals, machinery and other related items to the Collectorate of Customs Adjudication-I.
According to details, the authorities concerned of PCA while scrutinizing the post clearance data found that seven importers including M/s A J Printers, Peshawar; M/s Kahoot International; M/s I T Associates; M/s RBA Leather scrap and Chemical Lahore; M/s Punjab Impex Lahore; M/s Royal Business International and M/s Medical Rawalpindi in violation of SRO 1125(I)/2011.
During scrutinizing the data, the PCA authorities found that the M/s A J Printers, Peshawar was involved in duty/taxes evasion amounting to Rs 36361; M/s Kahoot International involved in duty/taxes evasion amounting to Rs 200411; M/s I T Associates involved in tax evasion amounting to Rs 35363; M/s RBA Leather scrap and Chemical Lahore evaded Rs 39296; M/s Punjab Impex Lahore evaded Rs 40554; M/s Royal Business International evaded Rs 48866 and M/s Medical Rawalpindi involved in tax evasion of Rs 73155.
After detecting the short payment in terms of Sales Tax and Income Tax, the PCA authorities sent audit observations to the aforementioned importers in order to deposit the evaded amount. However; none of the importers replied positively against the audit observations sent by the PCA authorities.
Later, the PCA made contravention report against the importers and sent to the adjudication Collectorate for further legal proceedings.
