PCA finds evasion through mis-declaration
KARACHI: The Directorate of Post Clearance Audit (PCA) has created a demand of Rs5.848 million, which is recoverable from M/s Cotton Craft, as it was evaded through mis-declaration of classification.
During the scrutiny of import data, it was observed that M/S Cotton Craft (pvt) Ltd imported various consignments of calcium sulphate, pharmaceutical grade and cleared the same from different Collectorates by mis-declaring the goods under PCT 2520.1010 attracting Customs Duty 10 percent whereas the goods are correctly classifiable under PCT heading 2520.2000 chargeable to Customs Duty 15 percent.
Thus M/s. Cotton Craft by mis-declaration of classification have evaded/short paid duty taxes totaling Rs5.848 million.
Director PCA Karachi Gul Rehman is a dead honest man and he has made the Directorate a vibrant formation and a number of cases involving billions of rupees of revenue have been made.