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Customs PCA detects tax evasion of Rs 8.50m by M/s Waseem Computers

Customs PCA detects tax evasion of Rs 8.50m by M/s Waseem Computers

KARACHI: The Directorate of Customs Post Clearance Audit showed outstanding performance during the month of January and detected 12 cases.

Source told Customs Today that Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 8.50 million allegedly by M/s Waseem Computers.

Sources said that M/s Waseem Computers, Karachi, imported a consignment of various type of laptops, PCs and different parts of computers  and got the same cleared from the PICT vide GDs on November 23, 2017 by paying customs duty at 8 percent after claiming the benefits of the SRO 567/2007.

However, the subject items are correctly classifiable under the PCT  2408.2147 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 Rs8.50 million. The consignment was cleared through Examiner Wajid Khan.

Sources told that the importer violated the provisions of Section 78 (5)  of the Customs Act-1969, Section 18  read with Section 89 of the Sales Tax Act-1990 and Section 194 of Income Tax Ordinance 2001 punishable under clauses (257) and 125 of Section 639(3) of the Customs Act-1969, Section 89 of the Sales Tax Act-1990 and Section 92 & 125 of Income Tax Ordinance 2001 and Section 6-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.