KARACHI: The Directorate Customs Post Clearance Audit has detected an evasion of Rs10.48million duties and taxes committed by M/s Connecting Accessories, it is learnt here.
Sources told Customs Today that M/s Connecting Accessories imported a consignment of internet cables, telephone cable wires, modems, hubs and other things, and got them cleared from the Port Qasim Karachi vide GDs on December 5, 2017 by paying a very low customs duty of six percent after claiming the benefits of the SRO 571/2007.
However the subject items were correctly classifiable under the PCT 2457.2501 attracting customs duty at 10 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs10.48million. The goods were cleared by Appraiser Mushtaq Ali.
Sources told CT that the importer violated the provisions of Section 14 (5-A) of the Customs Act-1969, Section 36 read with Section 49 of the Sales Tax Act-1990 and Section 89 of Income Tax Ordinance 2001 punishable under clauses (145) and 117 of Section 241(6) of the Customs Act-1969, Section 12 of the Sales Tax Act-1990 and Section 48 & 56 of Income Tax Ordinance 2001 and Section 9-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 pertinent to mention here that the Post Clearance Audit will detect four more cases in the end of the current month of March.
