ISLAMABAD: Directorate General of Rawalpindi Customs Intelligence and Investigation once again has caught red handed a Pakistani leading communication company M/s Pakistan Telecommunication Company Private Limited (PTCL) which tried to evade duty and taxes of Rs12million.
According to sources, the Directorate of Rawalpindi has made a seizure case at the Air Freight Unit at the Benazir Bhutto Airport Islamabad. The Pakistan Telecommunication Company (PTCL) declared Equipments (parts) as finished products of composite networking set while on invoice it was mentioned as Equipments (parts). The PTCL tried to avail Free Trade Agreement benefit of zero percent concession wrongly, although the imported goods fall in five percent tariff slab. The value of the seizure is Rs61million.
This is the fourth seizure case detected by Customs Intelligence Rawalpindi at the AFU Islamabad within two months. Seizure has been finalized and Criminal proceedings are being contemplated. Further Investigations are underway.
It is pertinent to mention here that already a case of evaded duty and taxes of Rs1.61billion by the Pakistan Telecommunication (PTCL) is pending in the collectorate of Customs Adjudication Islamabad.
Meanwhile, Collector of Customs Adjudication Islamabad DR. Akhtar Hussain has issued a show cause notice to the Pakistan Telecommunication Company Limited (PTCL) for mis declaration of description, value and classification of imported equipment case and fixed 9th of February 2017(Thursday) a hearing date.
In the show cause notice, Collector Adjudication has said by mis declaring the actual description, value and PCT classification of imported goods, you have caused a loss of Rs1.62billion to the national exchequer in duty and taxes, so why the amount lost in duty taxes on account of your mis-declaration of imported goods should not be recovered from you (M/s PTCL) and why penal action should not be taken against you under Section 156(1) (14) (14A) 0f the Customs Act-1969.
