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Violation of DTRE: Customs recovers evaded money from fabric importer

bySohail Rab
21/11/2014
in Karachi, Latest News
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KARACHI: The Appraising Intelligence Branch (AIB/R&D) of Model Customs Collectorate (MCC) of Appraisement-West has recovered Rs0.35 million from the importer Zahra Industries for its alleged involvement in violation of Duty Taxes Remission on Export (DTRE).

According to details, the AIB/R&D Branch during scrutiny of the import data of Zahra Industries has found that the said importer while taking undue advantage of DTRE concessionary regime has cleared the consignments of fabric by declaring 55per cent Linen and 45per cent Cotton and tried to attempt zero percent Custom Duty in DTRE concessionary regime.

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The authorities after detecting the tax evasion and mis-declaration has sent the consignments for laboratory test.

Later on, the test report of the laboratory revealed that consignments consists of 100 percent cotton and 100 percent Polyester having custom duty 15 percent and sales tax at 17 percent, not 55 percent linen and 45 percent polyester, as mentioned in the Goods Declaration KAPW-HC-65016-31-10-2014.

Subsequently, the authorities concerned of AIB/R&D have raised demand of Rs 0.35 against the importer Zahra Industries in terms of tax evasion through mis-declaration.

It may be mentioned here that the MCC-Export has scrutinized the export data in terms of availing DTRE concessionary regime by the exporters and also continued to impose penalty against the exporters in case of find themselves guilty in availing undue advantage of DTRE.

Tags: Appraising Intelligence Branch (AIB/R&DDuty Taxes Remission on Export (DTRE)Model Customs Collectorate (MCC)Zahra Industries

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