FBR detects clearance of 1510 vehicles illegally

Author: Aftab Channa

KARACHI: The Directorate General of the Post Clearance Audit (PCA) of the Pakistan Customs has detected clearance of at least 1510 luxurious vehicles illegally involving duty/taxes to an amount of Rs 123.384 million under the Smuggled Vehicles Amnesty Schemes 2013.

These vehicles were cleared by the Custom House, Quetta alone. The insiders told Daily Times that the Federal Board of Revenue (FBR) had constituted an audit team to assess all vehicles cleared through MCC, Quetta under the Smuggled Vehicles Amnesty Scheme 2013.

The audit team comprised PCA Assistant Director Sajid Ali Baloch, Inspectors of Model Collectorate of Customs Quetta Muhammad Zubair Awan, Muhammad Essa Khan and Abdul Qayyum. According to sources, evasion of duty/taxes has been detected in 1510 files of luxurious vehicles in some 17,674 files that were presented to the audit team.

“The duty and taxes have been short realised as the vehicles were assessed at a value lower than the available indicative guidelines/slabs provided by FBR for the assessment,” it said. In 225 cases, an amount of Rs 5,642,153 is found to be recoverable on account of miscalculation and subsequent short, and in 63 cases, an amount of Rs 1,319,275 was found to be recoverable on account of miscalculation and subsequent short payment/evasion of assessable value determined for these vehicles by FBR.

In 69 cases, an amount of Rs 4,371,262 was found to be recoverable on account of miscalculation and subsequent short payment/evasion of assessable value. In 200 cases, an amount of Rs 12,774,188 was found to be recoverable on account of miscalculation and subsequent short payment/evasion of assessable value. In 26 cases, an amount of Rs 2,555,520 was found to be recoverable on account of miscalculation and subsequent short payment/evasion of assessable value.

In 21 cases related to vehicles of 1601 to 1800 CC, an amount of Rs 3,506,371 was found to be recoverable on account of miscalculation in the depreciation and wrong application of indicative assessable value. In 568 cases related to vehicles of 1801 to 3000 CC, an amount of Rs 48,206,491/- was found to be recoverable on account of miscalculation in the depreciation and wrong application of indicative assessable value.

In 127 cases related to vehicles of above 3000 CC, an amount of Rs 22,078,240 was found to be recoverable on account of miscalculation in the depreciation and wrong application of indicative assessable value. In 52 cases related to vehicles of no web data an amount of Rs 8,345,130 was found to be recoverable on account of miscalculation in the depreciation and wrong application of indicative assessable value.

In 159 cases related to vehicles/trucks, an amount of Rs 14,586,331 was found to be recoverable on account of miscalculation in the depreciation and wrong application of indicative assessable value determined for these vehicles by FBR.

Share
Leave a Comment

Recent Posts

  • Business

Pakistan-Romania business delegation meets Presidential Advisor to boost trade

A delegation from the Pakistan Romania Business Council (PRBC) met with Legal Affairs Advisor to…

4 hours ago
  • Business

Pakistan joins fossil-fuel non-proliferation coalition to embrace a renewable energy future

Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel non-proliferation treaty,…

4 hours ago
  • Business

High remittances flow crucial in financing deficit, debt repayments

The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has said…

4 hours ago
  • Business

Small industry needs govt special focus to generate employment: APBF

The All Pakistan Business Forum (APBF) has said that the value-added small industry should be…

4 hours ago
  • Business

PITB team visits SCCI

A team of Punjab Information Technology Board (PITB) visited Business Facilitation Centre (BFC), and Sialkot…

4 hours ago
  • Business

China, Pakistan share latest non-wood forestry findings

Chinese and Pakistani academic achievements in resistant rootstocks for economic forests and grafted and fodder…

4 hours ago