Post Clearance Audit committed to plug revenue leakage
KARACHI: The Directorate of Post Clearance Audit (PCA) has made 29 contravention reports and audit observed in the month of August 2015 involving revenue of Rs153.028 million.
This revenue leakage has been identified during scrutiny of data and pertains to inadmissible benefit of concessionary SRO 575(I)/2006; concessionary SRO 1125(I)/2011, SRO 565(I)/2006, SRO 450(I)/2001.
PCA has also identified short-payment of customs duty, sales tax and income tax pertaining to various imports. Moreover, the Directorate of Post Clearance Audit has also detected evasion of customs duty, sales tax and income tax due to mis-declaration of classification on import of various goods.
It has also been found that evasion of leviable customs duty, sales tax and withholding income tax by clearance of goods at lesser weight/quantity than the declared weight/quantity.
An official said that the campaign of Director PCA Gul Rehman has been quite effective as the audit observations and contravention reports have discouraged under-invoicing, mis-declaration and misuse of concessionary SROs.
Gul Rehman has formed a special team headed by Deputy Director Adnan Rafique. This team would keep check and monitoring on the clearance of items that were earlier found to be under-invoiced or mis-declaration.
Official said that their campaign had also discouraged nexus between importers/customs agents and the Customs officials.