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KARACHI: The Directorate of Community Post Clearance Audit  (PCA) Director Nadeem Memon detected duties and tax artifice of Rs 8.24 actor by M/s Leaders Furniture & Export , Karachi, it is learnt here.

Sources told Community Today that M/s Leaders Furniture & Export alien a assignment of  accouter board and covering covers got it austere from the PICT Karachi vide GDs 83612 , on 19th December, 2017 by advantageous community assignment at alone 8  percent afterwards claiming the account of the SRO 551/2007.

However, the accountable items were accurately classifiable beneath the PCT 2547.2901  alluring community assignment at 12 percent and assets tax at 8 percent, thus, by way of mis-declaration of classification, the aggregation evaded/short-paid Rs 8.24  million. During the ages of December, 2017 the appurtenances were austere by Assistant Appraiser Qadeer Baksh.

Sources told that the importer abandoned the accoutrement of Section 68 (3-A) of the Community Act-1969, Section 27  apprehend with Section 59 of the Sales Tax Act-1990 and Section 28 of Assets Tax Ordinance 2001 amiss beneath clauses (478) of Section 348(4) of the Community Act-1969, Section 48 of the Sales Tax Act-1990 and Section 67 of Assets Tax Ordinance 2001 and Section  4-A of the Sales Tax Act-1990 apprehend with affiliate X of the Sales Tax Special Procedure Rules 2007 (Special procedures for acquittal of sales tax by the importers) and beneath accordant accoutrement of Assets Tax Ordinance 2001.

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