Quantcast
Tuesday , March 28 2017
Breaking News
Home / Lahore / Post Clearance Audit unearths Rs 6297288 by Alphla Chemical Company
Post Clearance Audit unearths Rs 6297288 by Alphla Chemical Company

Post Clearance Audit unearths Rs 6297288 by Alphla Chemical Company

LAHORE: Customs Post Clearance Audit (PCA) has detected Rs 6297288 by Alphla Chemical Company, Ahmad Arcade, Daryalal Street, Jodia Bazar, Karachi on account of inadmissible exemption of SRO 567 (I) 2006 and SRO 1007 (1)/ 2005.

According to details, the Directorate of Post Clearance Audit observed that certain importers having their principal activity of manufacturer of pesticide and other agrochemicals are involved in the evasion of duties and tax during customs clearance of zinc sulphate 33 percent which are classified under PCT heading 2833, 2940 by availing irregular exemption of customs duty under S No 4 of SRO567 (1)/2006 and exemption of sales tax S NO 5 of table-II of SRO 1007 (I) 2005. The PCA observed that the said SROs were meant for poultry ingredients only.

It was observed that Alphla Chemical Company has imported consignment of the aforesaid impugned goods which were prima facie are fertilizers and as such not entitled for the exemption of customs duty and sales tax under the said SROs during calendar year 2014.

The PCA said that the mis-declaration resulted in the duty and taxes evasion to the tune of Rs 6297288 by and added that it is directed that the above mentioned short paid amount of duty and taxes may be deposited positively.

The directorate said that in case of disagreement with the audit observations, the company may provide a written clarification along-with supporting documents including goods declaration, commercial performa invoice, L/C invoices, packing list contract purchase order and other relevant documents within the stipulated time.