KARACHI: The Directorate of Post Clearance Audit Karachi has served an Audit Observation on M/s Sui Southern Gas Company (SSGC) advising the company to deposit Rs54.196 million into the national exchequer as the same was short-paid on import of various goods.
The scrutiny of import data of M/s SSGC revealed that they imported various consignments of Components for Domestic Gas Meters and cleared the same from MCC (PMBQ) and Air Freight unit MCC (Preventive) Karachi, through their Clearing Agents namely M/S. Muhammad Amin Muhammad Moqeem, Clearing & Forwarding Agents by availing inadmissible exemption/concession under SRO 678(I)/2004.
Whereas conditions with reference to aforesaid SRO clearly stipulate that only such goods shall be entitled to the exemption by a company other than an E&P company, for its own use or its contractors, sub-contractors and service companies for its projects of oil and gas exploration and production, refinery, oil and gas pipeline, liquefied petroleum gas (LPG), compressed natural gas (CNG), Liquefied Natural Gas (LNG) petroleum terminals, energy conservation, environment and safety controls.
Further, the imported goods also fall within the ambit of CGO No. 11/2007 being locally manufactured. [the_ad id=”31605″] M/s Sui Southern Gas Company Limited by availing inadmissible exemption/concession under SRO 678(I)/2004 have evaded/short paid a total of duty/taxes of Rs54.196 million.