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Home Breaking News

PCA unearths mega tax scam involving clearance of 1,510 luxurious vehicles

byCT Report
12/11/2016
in Breaking News, Karachi, Latest News
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KARACHI: Directorate General of Post Clearance Audit (PCA) has detected illegal clearance of at least 1,510 luxurious vehicles involving duty/taxes to the tune of Rs 123.384 million under ‘Smuggled Vehicles Amnesty Schemes 2013’. These vehicles were cleared by the Custom House, Quetta alone.

Official sources told Customs Today that the Federal Board of Revenue (FBR) had constituted an audit team to conduct audit of the assessment of all vehicles cleared through Quetta Customs under the amnesty scheme.

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The audit team comprised PCA Assistant Director Sajid Ali Baloch, Quetta Customs Inspectors Muhammad Zubair Awan, Muhammad Essa Khan and Abdul Qayyum.

At all, some 17,674 files were presented to the audit team, out of which assessment made in 16,164 files was found in order, and evasion of duty/taxes have been detected in 1510 files of luxurious vehicles. “The duty and taxes have been short realised as the vehicles were assessed at a value lower than that available as the indicative guidelines/slabs provided by FBR for assessment,” the officials informed.

In 225 cases related to vehicles of up to 800 CC, an amount of Rs 5.642 million is found to be recoverable on account of mis-calculation and subsequent short payment, and in 63 cases related to vehicles of 801 to1000 CC, an amount of Rs 1.319 was found to be recoverable on account of mis-calculation and subsequent short payment/evasion of assessable value determined for these vehicles by FBR, they said.

In 69 cases related to vehicles of 1001 to 1300 CC, an amount of Rs 4.371 million was found to be recoverable on account of mis-calculation and subsequent short payment/evasion of assessable value determined for these vehicles.

In 200 cases related to vehicles of 1301 to 1500 CC, an amount of Rs 12.774 million was found to be recoverable on account of mis-calculation and subsequent short payment/evasion of assessable value determined for these vehicles, they said, adding that in 26 cases related to vehicles of 1501 to 1600 CC, an amount of Rs. 2.555 million was found to be recoverable on account of mis-calculation and subsequent short payment/evasion of assessable value determined for these vehicles.

In 21 cases related to vehicles of 1601 to 1800 CC, an amount of Rs 3.506 million was found to be recoverable on account of mis-calculation in the depreciation and wrong application of indicative assessable value determined for these vehicles.

In 568 cases related to vehicles of 1801 to 3000 CC an amount of Rs 48.206 million was found to be recoverable on account of mis-calculation in the depreciation and wrong application of indicative assessable value determined for these vehicles.

In 127 cases related to vehicles of above 3000 CC an amount of Rs 22.078 million was found to be recoverable on account of mis-calculation in the depreciation and wrong application of indicative assessable value determined for these vehicles by FBR.

In 52 cases related to vehicles of No web data an amount of Rs 8.345 million was found to be recoverable on account of mis-calculation in the depreciation and wrong application of indicative assessable value determined for these vehicles by FBR.

In 159 cases related to vehicles/trucks, an amount of Rs 14.586 million was found to be recoverable on account of mis-calculation in the depreciation and wrong application of indicative assessable value determined for these vehicles by FBR.

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