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Home Lahore

PCA unearths Rs 1.56m tax evasion by renowned telecom company

byM Hayat
24/09/2016
in Lahore, Latest News
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LAHORE: The Post Clarence Audit (PCA) has unearthed duty and taxes evasion amounting to Rs 1.568 million by M/s World Call Telecom Limited through misclassification of servers for telecommunication use as servers for computers.

The clearance data for the time period of January 2012 and onward revealed that the importer got clearance of servers for telecommunication use by allegedly misclassifying under PCT Heading 8471.5000 as servers for computers, paying customs duty at the rate of 0 percent, one percent and two percent instead of classifying under correct PCT Heading 8517-6290 that describes other machines for the transmission or reception of voice, images or other data, including switching and routing apparatus and attracts 20 percent customs duty, PCA officials said.

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The officials said that the company allegedly deposited short payment worth Rs 1,568,469, including customs duty Rs 1464,308, additional sales tax Rs 29,472 and income tax Rs 74,689 as detailed in annexure A. The PCA has asked the company to pay the evaded amount of duty and taxes.

They said that in case the company does not agree with the audit observation, the company has to provide a written clarification along with the supporting documents as well as all related import documents including copies of goods and declaration, commercial / pro forma invoices, L/Cs packing lists, contracts, purchase orders, catalogue/ literature.

They also told the company representatives may appear in person or through accredited representatives to rebut the audit observation in the chamber of deputy director at the Customs Houses.

It was intimated that if no one appears or no reply is received it shall be deemed that the company has nothing to offer in rebuttal of the observation and case shall be dealt as per law on the basis of facts available on record.

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