KARACHI: Directorate of Post Clearance Audit (South), Karachi has detected Rs2.12 billion of short-recovery of duty/taxes on the import of dyestuff by 15 importers.
On the directives of Director General PCA Wajid Ali, Director Sheeraz Ahmed, Additional Director Gulam Nabi Kambo, Deputy Director Mustafa Zamir conducted the audit of import of dyestuff.
During the course of audit, it is revealed that 15 importers imported different dyes and got cleared them at prices significantly lower than the prices declared by the other importers during the same time being identical or similar goods.
According to details, a complaint regarding alleged under-invoicing and mis-declaration of Indian origin by importers of various types of dyes had been taken up for post clearance audit.
The audit found the declared/assessed values of many consignments of dyes imported by the importers are on lower side compared with higher evidences available in the import data.
There are cases where identical goods have been imported directly from the same supplier by some importers at higher values than the values declared/ assessed in respect of the goods imported by subject importers.
Some suspected transactions of Indian origin dyes have also been identified by the Directorate General and the relevant shipping agencies were approached to provide the details of port of loading and other relevant documents in respect of such consignments.
Use of vague descriptions at import stage and the reluctance of the importers to produce complete record for audit shows lack of defense on their part.
The importers against whom the demand is created include:
M/s German Speciality
M/s Ovais Enterprises
M/s Najam Impex
M/s Pak Polychem
M/s Arshad Traders
M/s Muneeb Corporation
M/s Radyes Trading
M/s General Colour
M/s Ruby Dyes
M/s Nasir Naseer
M/s Bhatti Sons
M/s National Silk & Rayon
M/s Fabri Chem
M/s Arif Yousaf
M/s Faisal Dye.