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M/s Colgate-Palmolive served show-cause notice for tax evasion of Rs 99m

M/s Colgate-Palmolive served show-cause notice for tax evasion of Rs 99m

KARACHI: Collector of the Collectorate of Customs Adjudication-I has issued a show-cause notice to M/s Colgate-Palmolive (Pakistan) Limited for allegedly evading duty and taxes worth Rs 99 million.

According to the show-cause notice, during the scrutiny of import data related to the imports of branded tooth brushes, it was found that M/s Colgate-Palmolive, with active connivance of their clearing agents M/s Qazi Anwar Ul Islam and Company, agent license TT Traders, imported various consignment of “Colgate brand toothbrushes” under PCT Heading 9603.2100 and cleared the subject goods at lower values than the values determined vide valuation database letter no 32 issued by Directorate General Customs Valuation dated 19-08-2016(0.33/pc).

It was observed that the importer intentionally and deliberately got cleared subject goods at lower values with mala-fide intention to deprive the government exchequer from its legitimate revenue.

It was evident that M/s Colgate-Palmolive (Pakistan) Limited, willfully and intentionally got their consignments cleared at lower values and evaded duty / taxes to the tune of Rs 99 million.

Therefore, M/s Colgate-Palmolive (Pakistan) Limited has been served a notice to either appear personally or depute its consul to contest the allegations levelled in the show-cause notice.