KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate MCC-Appraisement (East) has collected an amount of Rs18,773,388 million in head of Federal Excise Duty (FED) on import of edible oils, PCT 15.13 at 16 percent ad valorem tax, by the end of December, 2013.
According to details, acting on a tip-off that some unscrupulous elements had evaded FED on edible oil, R&D Section Principal Appraiser (PA) Shafiullah Khan thoroughly scanned through the data of WeBOC clearance as well as defunct Microclear based PaCCS and found that a handsome amount of Rs86,826,075 million from 29 Goods Declaration of different importers had not yet been paid as FED on edible oils.
Subsequently, a prompt action was taken by the R&D Section of MCC-Appraisement (East) to recover the evaded FED on edible oil by the importers.
The sources informed the Customs Today that the R&D Section had recovered an amount of Rs18,773,388million out of the total amount of Rs86, 826,075 evaded in the head of FED on import of edible oils.
They said that the R&D Section had recovered Rs18,773,388 million from eight importers out of 29, while an amount of Rs68, 052,687 was yet to be recovered from the rest of 21 importers.
Sharing details, the sources further informed that an amount of Rs95,205,892 million in the head of FED and Rs3,114,648 million was yet to be recovered by the MCC Appraisement (East) R&D Section.
