KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs289.58 million in the month of May 2016 by various companies and traders.
The Directorate has made remarkable performance in May 2016 and detected 19 cases involving revenue of Rs289.58 million.[the_ad id=”32940″]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 RK Enterprises, Karachi, M/s Sheikh & Co, Karachi, M/s Royal Marbles & Granite, Lahore, M/s Khair-Un-Nisa Marble Industry, Karachi, M/s SK Stones (Pvt) Ltd, Islamabad, M/s Chaudhry Traders, Lahore, M/s Progressive Marble Industry, Karachi, M/s Awal Telecom (Pvt.) Ltd, Islamabad, M/s Poly Tech International (Pvt) Ltd, Lahore, M/s Universal Cables Industries Ltd., Karachi, M/s KICT, Karachi, M/s GM Cables & Pipes (Pvt) Ltd, Lahore, M/s Premier Cable (Pvt) Ltd, Karachi, M/s Royal Polytex Industries (Pvt) Ltd, Peshawar, M/s Packages Ltd, Lahore and M/s Newage Cables (Pvt.) Ltd, Lahore.
During the month, PCA Karachi served 10 Audit Observations and 09 Contravention Reports on various importers for evading government revenue.