KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has detected tax evasion of Rs 3.2 million by M/s Talal Associates and issued show cause notice to the management of the company.
Sources told Customs Today that during scrutiny of import data of M/s Talal Associates it was revealed that the company availed undue benefits and concessions by using wrong PCT heading and SRO 566. Sources said that M/s Talal Associates imported 12 consignments of raw material being used for manufacturing of helmets through their forwarding agent M/s Nimra Forwarding Agency from September 2015 to October 2015.
PCA authorities after detecting tax evasion, issued show cause notice to the management of M/s Talal Associates asking them to clearing the short paid amount of Rs3.2 million within seven days. The PCA authorities also imposed a penalty of Rs2,45,000 on the company. PCA also warned the company that failing to clear pending dues will led to stern legal action.
It is necessary to mention here that PCA authorities also expedited their efforts to detect tax evasion and recover short paid amount from the companies who availed undue benefits and concessions by importing different items.
