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Home Breaking News

Customs prepares contravention report against GlaxoSmithKline for alleged tax evasion of Rs 43.6m

byAbul Hassan Usmani
16/07/2015
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Directorate General of Customs Intelligence and Investigation FBR-Karachi region has prepared a Contravention Report against M/s. GlaxoSmithKline Karachi (NTN No. 710501), for evading customs duties/ taxes of Rs 43.6 million by misusing SRO.567(I) 2007 on aluminum caps which is fixed on the neck of the bottles.

The officers who processed the case include Director Customs Intelligence and Investigations, Karachi region, Asif Marghoob Siddiqui and Additional Director Farrukh Sajjad.

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According to the details, a credible information was received in the Directorate General of Customs I&I Karachi region, that various pharmaceutical companies are indulged in importing huge quantity of Aluminum Caps of bottles which are fixed on the neck of the bottles under PCT 8309.9000 and 7612.9090 under the garb of Closing Lids by misusing serial 31 and 32 of category-D of SRO 567(I) 2006 dated 05-06-2006.

According to the Contravention report which along with other relevant documents has been submitted for initiation of adjudication proceedings stated that against M/s. GlaxoSmithKline Pakistan (NTN No. 710501), in collusion with clearing M/s. Services International Karachi, M/s. AJ Mirza & Co. Karachi and M/s. Pestonji J. Daroga & Co., Karachi,  managed to clear under-reference consignments deliberately by mis-using of SRO. 567(I)2006 attracting 5 percent customs duty evading thereby customs duty and taxes to the tune of Rs. 43.6 million on import and clearance of consignments of aluminum caps under PCT Heading 8309.9000 chargeable to customs duty @ 25 percent through mis-using of SRO. 567(I)2006 attracting 5 percent customs duty have committed offence of mis-declaration in terms of above mentioned sections violated.

 

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