Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Lahore

PCA summons M/s Faiz Company in duty, tax evasion case

byM Hayat
22/04/2017
in Lahore, Latest News, Letters to Editor
Share on FacebookShare on Twitter

 

LAHORE: Directorate of Customs Post Clarence Audit (PCA) has summoned M/s Faiz Company, Rawalpind in duty and tax evasion of Rs 189,142 on import of tarpaulin.

You might also like

Pakistan SMEs can get up to Rs150,000 grant to join Alibaba; here’s how to apply

31/10/2026

Meat industry leaders urge authorities to establish modern slaughterhouse in Islamabad

31/10/2026

According to the details, the PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Customs Collectorate during the calendar years. 2012 and 2013 revealed that inadmissible concession of sales tax and value added sales tax under the SRO (1125)/2011 dated 31.12.2011 was availed on the import of tarpaulin i.e. sun shedding which is specifically excluded from that ambit of the said SRO.

It has been observed that importer had imported various consignments consisting of tarpaulin and got them cleared under PCT heading 6306.1210 with inadmissible concession under SRO 1125(I/201 1, dated 31.12.2011. Hence, it was said that the importers have short paid an amount of Rs 189,142 regarding sales tax, additional sales tax and income tax due to wrongful concession under the SRO I 125(D/2011 dated 31.12.2011.

The importer was told in case they do not agree with the audit observation; they may provide the written clarification along with supporting documents as well as import documents.

 

Related Stories

Pakistan SMEs can get up to Rs150,000 grant to join Alibaba; here’s how to apply

byCT Report
31/10/2026

LAHORE: Pakistani small and medium-sized businesses have a new opportunity to enter international markets through e-commerce giant Alibaba.com, with the...

Meat industry leaders urge authorities to establish modern slaughterhouse in Islamabad

byCT Report
31/10/2026

ISLAMABAD: President of the All Pakistan Jamiat-ul-Quresh Meat Welfare Association and a member of the Livestock and Dairy Development Board,...

OGRA increases RLNG prices by up to 15.3pc in October

byCT Report
31/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3%...

FBR misses October tax target by wide margin

byCT Report
31/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has fallen short of its October 2026 tax collection target, collecting Rs975 billion...

Next Post

Eleven FBR senior officers leave for US to participate in four-day training workshop

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.