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Home Illustrations

Tax evasion of Rs23.50m unearthed by Customs Post Clearance Audit

byWaqar Ahmed Ansari
17/01/2018
in Illustrations, Karachi, Latest News, Today's Cartoon
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KARACHI: The Directorate of Customs Post Clearance Audit has detected an evasion of duties and taxes of Rs23.50million by M/s Sonehra Enterprises, it is learnt.

The official sources told our reporter that M/s Sonehra Enterprises Karachi imported a consignment of Paper Role and different parts of printing machines from Germany under the PCT Heading 4509.3588 and got it cleared from the PICT Karachi vide GDs on October 18, 2017 by paying customs duty at 8 percent after claiming the benefit of the two different SROs.

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However the subject items are correctly classifiable under the PCT 5606.4578 attracting customs duty at 10 percent and income tax at 16 percent thus, by way of mis-declaration of classification, M/s Sonehra Enterprises Karachi evaded/short-paid Rs23.50million through Examiner Qayyum.

Sources told the reporter that the importer has violated the provisions of Section 59 (8) & (6A) of the Customs Act-1969, Section 15, 18 read with Section 88 of the Sales Tax Act-1990 and Section 186 of Income Tax Ordinance 2001 punishable under clauses (156) and 125 of Section 768(9) of the Customs Act-1969, Section 72 of the Sales Tax Act-1990 and Section 80 & 124 of Income Tax Ordinance 2001 and Section 4-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.

Earlier, the Directorate of Customs Post Clearance Audit (PCA) has unearthed an evasion of duties and taxes of Rs14.30million by M/s Rubi Traders.

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