KARACHI: The Directorate of Customs Post Clearance Audit has detected duty and tax evasion of Rs14.65million by M/s Usman Aslam Enterprises Karachi, it is learnt.
The sources told Customs Today that M/s Usman Aslam Enterprises Karachi imported a consignment of six paper printing machines and their parts including designing plates and folding plates from Germany and got them cleared from the PICT Karachi vide GDs on September 12, 2017 by paying customs duty at six percent after claiming the benefits of the SRO 562/2007.
However, the subject items are correctly classifiable under the PCT 2307.2284 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 Rs14.65million. The goods were cleared by Head Examiner Ovaise Mengal and Appraiser Shamil Akhter.
Sources said the importer violated the provisions of Section 56 (5) & (7A) of the Customs Act-1969, Section 14 read with Section 56 of the Sales Tax Act-1990 and Section 187 of the Income Tax Ordinance 2001 punishable under clauses (237) and 162 of Section 623(7) of the Customs Act-1969, Section 79 of the Sales Tax Act-1990 and Section 86 & 136 of the Income Tax Ordinance 2001 and Section 7-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 necessary to mention here that Post Clearance Audit has detected a number of cases since two months of October and November.
