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PCA detects Rs 35.44m tax evasion on import of polyester dyed fabric

PCA detects Rs 35.44m tax evasion on import of polyester dyed fabric

KARACHI: The Directorate of Post Clearance Audit (Customs) Karachi has detected evasion of duty/taxes of Rs 35.44 million on import of polyester dyed fabric due to inadmissible benefit of SAFTA.

According to the details, Director Gul Rehman wrote a letter to the Chief Collector, Appraisement-South, Customs House, Karachi, the SPS Director General, Directorate General of Post Clearance Audit (Customs), Islamabad and collector MCC Port Qasim Karachi that during the audit of import data of polyester dyed ladies suiting shirting fabric/polyester dyed fabric classifiable under PCT heading 5407.5200, it has been observed that certain importers are mis-declaring the classification of the imported goods.

He said M/s Al Yousuf Enterprises evaded Rs 1,563,037; M/s GNK Enterprises Rs 720,533; M/s Malik Corporation Rs 4,798,771; M/s Horizone International Rs 17,447,471; M/s H S Unicorn Man Rs 3,086,300; GM Enterprises Rs 7,827,676 are mis-declaring the classification of the imported goods by declaring it under PCT heading 5407.4200 in order to avail inadmissible benefit of reduced rate of customs duty under SAFTA vide SRO 1274 dated 29-12-2006.

The goods are correctly classifiable under PCT heading 5407.5200 where benefit of SRO 1274 (SAFTA) dated 29-12-2006 is not applicable and Custom Duty is chargeable 16 percent. The importer wise details of evasion of duties/taxes are as under, Gul Rehman said.

The director while sending audit observations showing importer GD-wise details of evasion of duties/taxes said father legal action including framing of contravention reports against the importers will be initiated on receipt of replies from the importers.