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Customs Intelligence unearths Rs39m misdeclaration scam

Customs Intelligence unearths Rs39m misdeclaration scam

LAHORE: Directorate General of Customs Intelligence and Investigation has detected a Rs39 million worth of misdeclaration scam by an Islamabad-based company.

The company imported polyester and wascos fabric from China and got illegal tax relaxation under SRO 1125(1)2011. The Customs Intelligence, on information, started investigation against the importer.

During investigation, it was revealed that the company is not among the active taxpayers and it got benefit of the said SRO by giving wrong information. The concerned Regional Tax Office could also not find any tax record of the company.

Illegally utilising the SRO, the importer filed only three per cent sales tax instead of 17 per cent.