PCA Directorate Karachi reports 202.47 million tax benefits by importers

Directorate of Post Clearance Audit (PCA) Karachi has established 22 contravention reports involving revenue to the tune of Rs 202.47 million in December 2016. According to official statistics which was available to Daily Business Recorder, revealed that the Directorate has established 22 contravention reports in December 2016. These reports show that the importers were involved in providing a financial shock of Rs 202.47 million to the national kitty by misusing SRO 1125(I)/2011, mis-declaration of goods and by taking inadmissible tax benefits.
The statistics further stated that some 6 contravention reports were established against the importers who took tax benefits by misusing SRO 1125(I)/2011 through some 41 in Goods Declarations (GDs) in the consignments imported from Singapore and China. Similarly, 12 contravention reports were made against 65 GDs filed for the clearance of consignments imported from Malaysia, Singapore, India and China in December 2016, involving over 57 percent of total short tax payment of Rs 202.47 million. Moreover, it said that the importers claimed inadmissible sales tax benefits on the consignments imported from Ukraine in 3 contravention reports. The Directorate has forwarded all contravention reports to the concerned collectorates for the recovery of short tax payments.