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R&D Section of Appraisement-East recovers Rs 24.46m

R&D Section of Appraisement-East recovers Rs 24.46m

KARACHI: The Research and Development (R&D) Section of the Model Customs Collectorate of Appraisement (East) has recovered Rs 24.46 million from 22 cases in August, 2014.

According to details, the R&D Section has made the recovery of Rs 3,676,281 on the commodity (perfumery items) against the charge of mis-declaration of value and PCT.

It has recovered an amount of Rs 25,000 on the commodity (electroplated metal jewelry fitted) against the Order-in-Original penalty, Rs 2,845,211 recovered on the commodity (poly propylene polyethen) against recoverable amount in share of withholding tax.

The R&D Section has recovered an amount of Rs 166,807 on the commodity (3 pieces bed cover) against the mis-declaration of value and Rs 766,539 recovered on the commodity (meth acrylamide) against misuse of SRO1125/2011.

It has recovered an amount of Rs 39 866 on the commodity (sodium acid phosphate) against misuse of 6th Schedule of SNo 105 and recovered an amount of Rs 135,674 on the commodity (aluminum wire) against excess weight revealed after examination.

The R&D Section has also recovered an amount of Rs 37 744 on commodity (empty mesh bags) against mis-declaration of value and recovered an amount of Rs 427 966 on commodity (hair accessories) on mis-declaration of weight.

It has recovered an amount of Rs 258 359 on commodity (ball bearing) against non-implementation of Valuation Ruling No 312/11 and recovered an amount of Rs99745 on commodity (Sino fix red 301) against mis-declaration of value.

The R&D section has also recovered an amount of Rs 609,671 on the commodity (Genetron R22) against mis-declaration of value and recovered an amount of Rs 138,642 on commodity (ice-cream set ceramic) against non-applicable of 6th Schedule.

It has recovered an amount of Rs 59 002 on miscellaneous goods against the recovery found in database and recovered an amount of Rs 2,231,923 on commodity (aluminum scrap) against mis-declaration of value as the consignment was cleared through green channel.

The R&D Section has also recovered an amount of Rs 4,091,256 on commodity (ibuprofen pharmaceutical raw material and packing material) against misuse of SRO551/2008 and recovered an amount of Rs 102,310 on commodity (film feed plywood) against mis-declaration of value.

The R&D Section has recovered an amount of Rs,38,186 on commodity (miscellaneous goods) against additional duty recovered during re-assessment and recovered an amount of Rs 73,129 on commodity (compound filter) against mis-declaration of PCT.

It has recovered an amount of Rs 535,604 on commodity (air covered yarn) against mis-declaration of PCT and recovered an amount of Rs 4,099,279 on commodity (pan flex) against the FIR lodged against the accused.

The R&D Section has also recovered an amount of Rs 4,000,000 as second installment in the same case of duty/taxes evasion on commodity (pan flex).