PCA detects Rs390 million evasion on import of sunflower seeds extraction

KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has detected evasion of Rs389 million, which several importers of sunflower seeds extraction evaded through mis-declaration.

During the audit conducted on the directives of Director Gul Rehman, of import data of sunflower seeds extraction classifiable under PCT Heading 2306.3000, it has been observed that certain importers are mis-declaring the classification of ‘sunflower seeds extraction’ by declaring it under PCT heading 2306.9000 in order to avail undue benefit of 8th Schedule of the sales tax.

Deputy Directors Sajid Baloch and Iqbal Memon detected the evasion.

The sunflower seeds extraction is by description classifiable under PCT heading 2306.3000, where no benefit of sales tax is admissible. Sunflower seeds extraction are correctly classifiable under PCT 2306.3000, chargeable to Customs Duty 10%, Sales Tax 17%, Additional Customs Duty 1.0 % and Income Tax 6.0%.

By availing inadmissible benefit of 8th Schedule  for payment of reduced rate of Sales Tax 5.0%, and corresponding Income Tax 5.5%.

In this way M/s Hi-Tech Feeds evaded Rs24.82 million on two consignments cleared from MCC Appraisement East.

M/s Sindh Feeds & Allied Products evaded Rs39.45 million on four consignments cleared from MCC Appraisement West.

M/s Islamabad Feeds Pvt Ltd evaded Rs11.1 million on a consignments cleared from MCC Appraisement West.

M/s Sadiq Feeds Pvt Ltd evaded Rs146.8 million on five consignments cleared from MCC Appraisement West and East.

M/s Mahmood Feeds Pvt Ltd evaded Rs11.05 million on three consignments cleared from MCC Appraisement East.

M/s Crescent Feeds & Allied Products evaded Rs25.74  million on three consignments cleared from MCC Appraisement West and East.

M/s Shabbir Edible Oils & Feed Mills Pvt Ltd evaded Rs63.6 million on five consignments cleared from MCC Appraisement East.

M/s Asia Poultry Feeds Pvt Ltd evaded Rs15.15 million on a consignments cleared from MCC Appraisement East.

M/s K&N’s Foods Pvt Ltd evaded Rs7.4 million on a consignment cleared from MCC Appraisement East.

M/s A-One Feeds evaded Rs7.4 million on a consignments cleared from MCC Appraisement East

M/s Sabirs Feeds evaded Rs15.23 million on a consignment cleared from MCC Appraisement East.

M/s Five Star Feeds Pvt Ltd evaded Rs7.18 million on a consignment cleared from MCC Appraisement East.

M/s M.B Feeds Pvt Ltd evaded Rs14.78 million on three consignments cleared from MCC Appraisement East.

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