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 faces challenges to expand public services as Oxfam warns of rising inequality in Asia

10/10/2026

FBR moves to prevent misuse of duty-free chemical imports under Export Facilitation Scheme

10/10/2026

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 faces challenges to expand public services as Oxfam warns of rising inequality in Asia

byCT Report
10/10/2026

ISLAMABAD: Pakistan faces growing challenges in ensuring access to healthcare, education, and social protection as governments across Asia continue to...

FBR moves to prevent misuse of duty-free chemical imports under Export Facilitation Scheme

byCT Report
10/10/2026

KARACHI: The Federal Board of Revenue (FBR) has initiated consultations to strengthen monitoring of dyes and chemicals imported under the...

FPCCI demands electricity tariff below 9 cents to boost exports & industry

byCT Report
10/10/2026

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to reduce industrial electricity tariffs...

SBP receives $10.9b in workers’ remittances during Q1 FY27

byCT Report
10/10/2026

KARACHI: The State Bank of Pakistan (SBP) received $10.9 billion in workers’ remittances during the first quarter of fiscal year...

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.