KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has made 56 contravention reports and audit observations in the month of September 2015 involving revenue of Rs505.71 million.
This revenue leakage has been identified during scrutiny of data and pertains to inadmissible benefit of concessionary SRO 678(I)/2004; concessionary SRO 1125(I)/2011, SRO 638(I)/2005, SRO 1261(I)/2007.
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.
Official said that their campaign had also discouraged nexus between importers/customs agents and the Customs officials.