KARACHI: Directorate Customs Intelligence Karachi has launched a massive crackdown against the misuse of tax exemption on import of black tea.
Although black tea is subject to 6% income tax at the import level, there is an exemption of 6% income tax on tea imports for consumption in the Azad Kashmir region.
Officials said they have received confirmed reports from their secret network that unscrupulous importers are abusing the facility to import black tea in the name of industrial units in Azad Kashmir and exempt 6 percent income tax. get
After getting the tax exemption, the importers sell the said tea in the markets established in other parts of Pakistan instead of taking it to Azad Kashmir, which is causing a loss of revenue worth billions of rupees to the national exchequer, while other legal importers of tea. In terms of price, the market is facing difficulties in competition.
Based on the secret information received, the team formed in this regard by the Customs Intelligence Karachi continued to monitor the 14 ton black tea container cleared through the Port Qasim Collectorate.
Instead of going to Azad Kashmir, the container of tea cleared by the Customs Department at concessional tariff was unloaded at Bismillah Godown, Hawke’s Bay Road, Maripur, Karachi, on which the team immediately cracked down on the warehouses of the said areas. , which resulted in the recovery of another 530 tons of black tea.
