KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate of Appraisement-East has recovered Rs 20.98 million in September while detecting 26 cases of tax evasion in which importers were involved on misdeclaration of value, non-application of correct valuation rulings, misdeclaration of PCT, misuse of SROs and classification.
According to details, the R&D Section has recovered Rs 52,825 on misdeclaration of value on import of black film faced plywood; recovered an amount of Rs 402,883 on misdeclaration of value on import of blankets; and recovered Rs 924,208 on misdeclaration of value on import of miscellaneous goods.
The R&D Section has succeeded in recovering Rs 106,387 on non-application of VR No. 661/14 on import of rotavators; recovered Rs 420,408 on misdeclaration of value on import of motorcycle spare parts; recovered Rs 1.78 million on non-application of VR No. 602/13 on import of brass valves; recovered Rs 266,953 on misdeclaration of PCT on import of motorcycle parts; recovered Rs 520,412 on misdeclaration of PCT on import of disposable razors; recovered Rs 244,112 on misdeclaration of value on import of empty PP woven; recovered Rs 284,755 on misdeclaration of value on import of photocopy papers.
The section has also recovered Rs 966,382 on misdeclaration of value on import of wooden panels; recovered Rs 135,092 on misdeclaration of value on import of decorative printed papers; recovered Rs 370,342 on misdeclaration of value on import of PVC wall paneling; recovered Rs 74,028 on misdeclaration of value on import of practical board flooring; recovered Rs 91,133 on misdeclaration of classification on import of isocynate; recovered Rs 202,748 on misdeclaration of value on import of PVC roll transparent.
The R&D Section has also recovered Rs 239,291 on misdeclaration of value on import of miscellaneous goods; recovered Rs 4.08 million on misdeclaration of value on import of split air-conditioners; recovered Rs239585 on misdeclaration on import of flavouring powder; recovered Rs 327,058 on misdeclaration of value on import of miscellaneous goods.
The R&D recovered Rs 247,973 on misdeclaration of value on import of pharmaceutical raw material; recovered Rs 1.3 million on non-application of VR No. 614/14 on import of beauty soap; recovered Rs 375,797 on misuse of SRO551 (I)/2008 on import of PVC electric insulation tape; recovered Rs 4.2 million on misuse of PCT on import of shielded armoured cable; recovered Rs 2,981,514 on misdeclaration of description and PCT on import of fibre board and Rs 75,078 on misuse of SRO 659(I)/2007 on import of whey powder.
