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Rs 71m tax evasion: Customs Adjudication-I to give notice to Amin Industries for misusing SRO1125

Rs 71m tax evasion: Customs Adjudication-I to give notice to Amin Industries for misusing SRO1125

KARACHI: The Collectorate of Customs Adjudication-I is going to issue a show-cause notice to Amin Industries for allegedly taking undue advantage of SRO1125(I)/2011 during import of fabric yarn.

Sources informed Customs Today that a team of Directorate of Customs Intelligence and Investigation visited the premises of Amin Industries to verify that the importer has the manufacturing facility at its business address.

However, the officials found that the importer has no facility of manufacturing unit which he had claimed under SRO1125 (I) /2011.

Therefore, the directorate prepared a contravention report, stating that the importer has deliberately and willfully violated the Section 32(1)(2), 32-A, 79(1)(b) and 80 of the Customs Act, 1969, Section 6,11 & 36 read with the Section 7A of the Sales Tax Act, 1990 and Chapter X of the Sales Tax Procedure Rules, 2007 vide SRO480(I)/2007 read with SRO1125(I)/2011,amended vide SRO154(I)/2013, SRO504(I)/2013, SRO898(I)/2013 and SRO 154(I)/2013 further read with Section 148 and 161(2) of the Income Tax ordinance, 2001 punishable under clauses (14) & 14(A) of the Section 156(I) of the Customs Act, 1969 read with the Section 33, 34 & 36 of the Sales Tax Act, 1990 and Section 148 of the Income Tax Ordinance, 2001

The directorate also stated that the importer has attempted to evade duty to the tune of Rs 71 million including sales tax of Rs45.58 million (at 17 percent), additional sales tax of Rs9.11 million (at 3 percent) and withholding tax of Rs 16.30 million.

Sources said that the show-cause notice is to be served to the importer in a day or two to present their view-point through its legal representative.