PCA detects duty/tax evasion of Rs455.37 million in April
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs455.37 million in the month of April 2016 by various companies and traders.
The Directorate has made remarkable performance in April 2016 and detected 32 cases involving revenue of Rs455.37 million.
PCA Karachi detected cases pertaining to short payment of customs duty and sales tax/WHT because of inadmissible concessions; short payment of anti-dumping duty, additional sales tax, FED and income tax.
The companies served audit observations or contraventions include M/s Tariq Auto Trader, Karachi, M/s Zayyan Trading Corporation, Karachi, M/s Aziz Sons, Karachi, M/s Nasir Corporation, Karachi, M/s M-H Traders, Lahore, M/s Alliance Pharmaceutical (PVT.) Limited, Peshawar, M/s Fawad and Company, Karachi, M/s Hilal Foods (PVT) LTD, Karachi, M/s GM Cables & Pipes (Pvt) Ltd, Lahore, M/s Premier Cable (Pvt) Ltd, Karachi, M/s Atta Cables (Pvt) Ltd. Lahore, M/s Copper House (Pvt) Ltd Lahore, M/s Z.K. Impex, Sialkot, M/s Pakistan Mobile Communication Ltd, Islamabad, M/s Popular Marble Industries, Karachi, M/s Aziz Sons, Karachi, M/s Zayyan Trading Corporation, Karachi, M/s Nasir Corporation, Karachi, M/s Zhongxin Telecommunication Pakistan (Pvt) Ltd, Islamabad, M/s Telenor Pakistan (Pvt) Ltd, Islamabad, M/s Warid Telecom (Pvt) Ltd, Islamabad, M/s Ericsson Pakistan (Pvt) Ltd, Karachi, M/s Zaman Traders, Karachi and M/s Razaq Enterprises, Lahore.