KARACHI: Collectorate of Customs Adjudication-II has issued an Order-in-Original against M/s Khalid Impex Gujranwala for evading taxes/duties to the tune of Rs 107,716 by taking undue benefits under SRO 1125(I)/2011 dated 31.12.2011.
According to details, the Directorate of Post Clearance Audit, Customs Karachi, while scrutinizing the data of importers relating of claiming of admissible/inadmissible concessions in taxes, found that the importer illegally availed the benefits of concessionary rates under the aforesaid SRO.
In the ONO, the Deputy Collector Customs Adjudication-II Muhammad Aftab stated that the importer M/s Khalid Impex intentionally and willfully caused loss to the government exchequer by availing benefits of SRO 1125(I)/2011 dated 31.12.2011 which was evidently not admissible to them at the time of imports in which the importer imported consignment of Acrylic Tow Raw White.
In the ONO, the Deputy Collector-Adjudication-II directed the importer to pay the evaded revenue of Rs 107,716.
However, in addition, a penalty of Rs 25,000 is also imposed for violation of Provision of Section 32(1)(2) and (3-A) of the Customs Act, 1969, Section 3(1), section 3,6, and 7 read with section 34 of Sales Tax Act 1990 and Income Tax Ordinance 2001 punishable under Section 33 (5) and section 7-A of the Sales Tax Act 1990 read with chapter X of the Sales Tax Act Special Procedure Rules 2007 (Special procedures for payment of sales tax by the importer) and punishable under relevant provision of Income Tax Ordinance 2001 under clauses (14) and (14-A) of Section 156(1) of Customs Act, 1969 on the exporter.
