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PCA detects tax evasion of Rs 14.65m by M/s Usman Aslam Enterprises

PCA detects tax evasion of Rs 14.65m by M/s Usman Aslam Enterprises

KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 14.65 million by M/s Usman Aslam Enterprises Karachi, it is learnt here.

Sources told Customs Today that M/s Usman Aslam Enterprises imported a consignment of six paper printing machines, and their parts, including designing plates, folding plates from Germany and got it cleared from the PICT Karachi vide GDs on September 12, 2017 by paying customs duty at 6 percent after claiming the benefit of the SRO 562/2007.

However, the subject items are correctly classifiable under the PCT 2307.2284 attracting customs duty at 10 percent and income tax at 12 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 14.65 million. The goods were cleared by Head Examiner Ovaise Mengal and Appraiser Shamil Akhter.

Sources said that the importer violated the provisions of Section 56 (5) & (7A) of the Customs Act-1969, Section 14  read with Section 56 of the Sales Tax Act-1990 and Section 187 of Income Tax Ordinance 2001 punishable under clauses (237) and 162 of Section 623(7) of the Customs Act-1969, Section 79 of the Sales Tax Act-1990 and Section 86 & 136 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.

It is necessary to mention here that Post Clearance Audit has detected a number of cases during last two months of October and November.