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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
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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.

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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.

 

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