KARACHI: Additional Collector Customs Adjudication Shafique Ahmed Latki has charged M/s IAS Trading, M/s United International Industries and M/s Shan Corporation for mis-declaration to evade duty and taxes.
According to the details of the case, M/s IAS Trading filed Goods Declaration through their agent M/s Shan Corporation for clearance of goods from the unit of M/s United International Industries in the Export Processing Zone (EPZ) Karachi to tariff area.
The importer M/s IAS Trading gave vague description in Goods Declaration by declaring consignment was consisting of assorted paper board all sorts recovered from imported reject material/waste material.
The imported attempted to seek clearance under PCT 4810.2900 at $117/MT. the GD was however assessed at $310/MT. The imported paid the assessed duty and taxes.
On suspicion, the consignment was re-examined and found the consignment consisting of one sided coated duplex board manila back and Aluminum foil backed with paper, which was not declared in the GD.
Through this mis-declaration, the importer in connivance with agent and investor attempted to evade a sum of Rs1.657 million.
After detailed deliberation of the case, Additional Collector Shafique Ahmed Latki held the charges established and orders M/s IAS Trading to deposit the evaded amount of duty/taxes of Rs1.657 million and imposed a penalty of Rs200,000. Moreover, a penalty of Rs400,000 was also imposed each on agent M/s Shan Corporation and investor M/s United International Industries.