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Home Breaking News

PCA unearths tax evasion of Rs 300m in November

byAftab Channa
04/12/2015
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: The Customs Directorate of Post Clearance Audit has detected evasion of taxes/duties to the tune of Rs 300.406 million in the month of November 2015.

According to sources, the PCA, under the supervision of its Director Gul Rehman, had detected some 37 cases of tax evasion in just a month.

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In these cases, the audit observations of some 27 cases while contravention reports for 10 cases have been issued and the importers who brought loss to the national exchequer are directed to pay the short paid amount at the earliest, sources added.

“There are cases of evasion through misclassification of PCT heading and non application of Valuation Ruling No 661/2014 dated March 29, 2014, non-application of Valuation Ruling No 654/2014 dated March 27, 2014 (sodium hydroxide, caustic soda), misuse of SRO 565(I)/2006 dated June 5, 2006, misuse of fifth schedule, inadmissible concessions of section 148 while importing Q mobile phones and misuse of SRO 678(I)/2004 dated August 7, 2004”

The countries of origin of the imports are China, Japan, United Kingdom, European Union, Germany, Korea, Ukrainian, Singapore, Malaysia, France, United States, Italy, Oman, Saudi Arabia, Korean, UAE, Kuwait, Australia etc.

It is recalled here that Federal Board of Revenue (FBR) had posted Gul Rehman as director at Karachi PCA in January, 2015 and the officer broke all the records by detecting tax evasion to the tune of Rs one billion in six months, despite the fact that the directorate is facing serious issues like shortage of staff etc.

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