KARACHI: Customs Adjudication has imposed penalties of Rs243.853 million along with recovery of evaded revenue of Rs987 million on several IT products importers.
Senate Committee headed by Shibli Faraz had forwarded the complaint to the Federal Board of Revenue (FBR) regarding under-invoicing, money laundering and misdeclaration in import of IT products.
Director PCA Ashraf ali, Additional Director Farrukh Sajjad, Deputy Director Shoib Raza, Appraising Officer Daulat Khan scrutinized the IT imports by different importers.
PCA Karachi conducted necessary verifications to establish the offences of under invoicing and generation of proceeds of crime. Original Equipment Manufacturers (OEMs) including M/s Dell Global B.V Singapore and M/s HP Singapore were approached for the verification of purchase invoices in respect of importer M/s Megaplus Pakistan which had been submitted with customs at the time of imports.
As a result of said exercise, verification letters were received from M/s Dell Global B.V Singapore and M/s HP Singapore wherein forgery, suppression of value was confirmed.
Directorate of Post Clearance Audit (PCA) has lodged 283 Contravention Reports (CRs) against 14 IT and computer equipment importers involving revenue evasion and money laundering of Rs1.354 billion. It may be mentioned here more cases are in pipeline.
The CRs have forwarded to Customs Adjudication for further proceedings, while cses of money laundering are forwarded to Customs Intelligence and Investigation.
As many as 68 CRs were served on M/s Technosol Private Limited involving evasion of Rs427.13 million; 8 CRs were served on M/s Megaplus Pakistan Private Limited involving evasion of Rs347.64 million; 38 CRs were served on M/s POP Global distribution involving evasion of Rs166.5 million; 39 CRs were served on M/s Decent Computers involving evasion of Rs164.47 million.
The rest of CRs were served on M/s Unique Technologies, M/s Astron Tech Distributions, M/s Micro Innovations and Technologies, M/s The Explorer, M/s Creative Systems & Solutions, M/s Pako Computers, M/s Spectra Innovations Pakistan, M/s Viper Technology, M/s Jaffer Brothers and M/s Tech Traders.
Directorate of Post Clearance Audit (PCA) detected under-invoicing, mis-declaration and money laundering on import of IT equipment and computer products.
Subsequently, Collector Adjudication Iqbal Bhawana, Additional Collectors Shahid Abbasi, Imran Lillah heard the cases.
Collector Iqbal Bhawana conducted combined hearing of all the cases. The hearing was conducted by a bench of Adjudicators, but the decisions were taken individually as per their jurisdictions.
After the confirmation of this case, Director Customs Intelligence Karachi Yaqoob Mako has formed a committee headed by Deputy Director Tauseef Gorchani to form the cases under Money Laundering Act because the amount equivalent to under-declared values were transferred through proper channel while the rest of amount were transferred illegally. Additional Director Rana Tasleem would monitor the committee’s operations.