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Home Breaking News

PCA unearths tax evasion of Rs 427.2m in August

byAftab Channa
03/09/2016
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: The Post Clearance Audit (PCA) detected duty/taxes evasion amounting to Rs 427.232 million, which was made by various importers on import of different goods during August 2016.

Sources told Customs Today that the PCA detected 29 cases of tax evasion out of which 27 contravention reports have been issued to 27 importers while importers have received audit observations.

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The cases detected by the PCA included mis-declaration of classification of multipurpose batteries for telephone exchanges by telecom sector, mis-declaration of classification on the import of sweetened condensed milk, inadmissible exemption of sales tax on import of highlighters, mis-declaration of classification on import of DNS server and telecommunication equipment for telecom sector, mis-declaration of classification of telecom equipment for telecom sector, mis-declaration of classification on the import of cellular infrastructure equipment, networking equipment and computer server machines for telecom sector etc.

In these cases, the importers imported goods from China, United States, Germany, United Arab Emirates, China, and Malaysia.

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