KARACHI: The Customs Collectorate Additional Collector-II (Adjudication) has served importer M/s Ziaul Haq & Sons with a show-cause notice for mis-declaration of imported consignments.
According to details, importer M/s Ziaul Haq cleared the consignments of cold rolled coil of prime quality, having PCT 7209.1590, weighting 3,784-kg and Tin plate sheet, having PCT 7210.1290 and 11,000-kg weightage under Section 79(1) of the Customs Act, 1969.
However, the examination report revealed that the importer M/s Zia-ul-Haq had mis-declared quality of the imported goods which was found of secondary instead of prime quality.
The report said that the importer also dis-declared weight of the cold rolled steel sheet which was 10,400-kg instead of 3,784-kg and Tin plate sheet 3,8365-kg of secondary quality instead of 11,000-kg declared as prime.
As per the examination report, the importer involved in mis-declaration and attempted to deprive the national exchequer of revenue amounting Rs1,009,700 in the heads of Customs Duty, Sales Tax and Income Tax.
The importer attempted to evade the duty/taxes of Rs550,451 in share of Customs Duty, Rs333,153 in share of Sales Tax and Rs126,107 in share of Income Tax. The actual value of offending goods was estimated to be Rs4,033,206.
Taking the facts into account, the Customs Collectorate Additional Collector-II of (Adjudication) has served a show-cause notice on the importer, declaring that M/s Ziaul Haq & Sons had violated Sections 32(1), 32(2), 79(1) under clause 14 and 45 of the Section 156(1) of Customs Act, 1969 and Section 33 under clause 11(c) of Sales Tax Act, 1990 and Section 148 of Income Tax Ordinance.
Pakistan must capitalize on emerging opportunities
LAHORE: Pakistan must capitalize on the emerging opportunities by formulating comprehensive economic and trade policies aimed at boosting investment, regional...
