KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 9.23 million by M/s Shamil and Sons Karachi, it is learnt here.
The sources told Customs Today that M/s Shamil and Sons imported a consignment of electronic items and kitchen accessories, including washing machines, ovans etc from Japan and got it cleared from the PICT Karachi vide GDs on May 16, 2017 by paying customs duty at 10 percent after claiming the benefit of the SRO 624/2007.
However, the subject items are correctly classifiable under the PCT 4202.2387 attracting customs duty at 16 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 9.23 million. The goods were cleared by Head Examiner Shah Gul Khan and Appraiser Razzaq Bangash.
Sources said that the importer violated the provisions of Section 52 (2) & (8A) of the Customs Act-1969, Section 12, 13 read with Section 45 of the Sales Tax Act-1990 and Section 182 of Income Tax Ordinance 2001 punishable under clauses (134) and 128 of Section 745(6) of the Customs Act-1969, Section 77 of the Sales Tax Act-1990 and Section 87 & 129 of Income Tax Ordinance 2001 and Section 6-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.
