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PCA detects tax & duty evasion of Rs14.57m by M/s Rohail Marble & Export Company

PCA detects tax & duty evasion of Rs14.57m by M/s Rohail Marble & Export Company

KARACHI: The Directorate of Customs Post Clearance Audit detected duties and tax evasion of Rs 14.57 million by M/s Rohail Marble and Export Company, it is learnt here.

Sources told Customs Today that M/s Rohail Marble and Export Company, Karachi imported a consignment of  cutter blades, floor tiles machines and Tiles polish chemicals, got it cleared from the PICT Karachi vide GDs on January 27, 2018 by paying customs duty low at 8 percent after claiming the benefit of the SRO 557/2007.

However, the subject items were correctly classifiable under the PCT 3365.2501  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 14.57  million. The goods were cleared by Appraiser Saqib Wasi.

Sources told that the importer violated the provisions of Section 65 (7-A) of the Customs Act-1969, Section 27  read with Section 36 of the Sales Tax Act-1990 and Section 77 of Income Tax Ordinance 2001 punishable under clauses (25) of Section 26(8) of the Customs Act-1969, Section 48 of the Sales Tax Act-1990 and Section 79 of Income Tax Ordinance 2001 and Section 6-D 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.

Source said that currently PCA is investigating four more companies data which includes M/s Raja Fertilizer and M/s K B Traders, after scrutiny these cases will be send concerned adjudication departments.