KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon has detected the tax and duty evasion of Rs12million by M/s Shah Gul Fabric, it is learnt here.
Sources told Customs Today that M/s Shah Gul Fabric located in West Wharf Karachi imported a consignment of various kinds of silk cloth and color matching digital machines and got them cleared from the PICT Karachi vide GDs on August 11, 2017 by paying customs duty lower at 10 percent after claiming the benefits of the SRO 566/2007.
However the subject items were correctly classifiable under the PCT 4893.2407 attracting customs duty at 14 percent and income tax at 12 percent thus, by way of mis-declaration of classification, the company evaded/short-paid Rs12 million. The goods were cleared through Appraiser Waris A Khan.
Sources told CT that the importer violated the provisions of Section 22 (9-A) of the Customs Act-1969, Section 38 read with Section 45 of the Sales Tax Act-1990 and Section 23 of Income Tax Ordinance 2001 punishable under clauses (214) of Section 69(8) of the Customs Act-1969, Section 16 of the Sales Tax Act-1990 and Section 46 of Income Tax Ordinance-2001 and Section 9-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.
It is to mention here that the Post Clearance Audit will investigate 12 fresh cases and seven old pending cases in the current month.
