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Customs PCA detects tax evasion of Rs7m by M/s Shamil Enteprises

Customs PCA detects tax evasion of Rs7m by M/s Shamil Enteprises

KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 7 million by M/s Shamil Enterprises (deals in medical accessories) Karachi, it is learnt here.

Sources told Customs Today that M/s Shamil Enterprises imported a consignment of medical accessories, include hand gloves, imported sugar and blood testing machines , and got it cleared from the PICT Karachi vide GDs on August 17, 2017 by paying customs duty at 8 percent after claiming the benefit of the SRO 569/2007.

However, the subject items were correctly classifiable under the PCT 2478.2498 attracting customs duty at 12 percent and income tax at 10 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 7 million. The goods were cleared by Head Examiner Rana Nawaz.

Sources told that the importer violated the provisions of Section 45 (7) & (6A) of the Customs Act-1969, Section 25  read with Section 49 of the Sales Tax Act-1990 and Section 14 of Income Tax Ordinance 2001 punishable under clauses (897) and 125 of Section 458(9) of the Customs Act-1969, Section 88 of the Sales Tax Act-1990 and Section 77 & 254 of Income Tax Ordinance 2001 and Section 7-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.