July-December period: DG of PCA registers record detections of Rs 1.752 billion

The Directorate General of Post-Clearance Audit (PCA) Federal Board of Revenue (FBR) has made record detections of Rs 1.752 billion during July-December (2015-16) against Rs 223.37 million in the same period last fiscal year, showing a remarkable growth of 684.36 percent. According to the data of the PCA released by the FBR here on Friday, the Directorate General PCA has recovered an amount of Rs 29.39 million during July-December (2015-16) against Rs 9.08 million in corresponding period of 2014-15, showing an increase of 223.67 percent.
The data further revealed that the PCA Karachi has made detections to the tune of Rs 1.166 billion during the period under review against Rs 25.67 million in 2014-15, showing an enormous growth of 4444 percent. On the other hand, regional directorate of Karachi has made recovery of Rs 5.1 million during this period against Rs 6.27 million, reflecting a negative growth of 18.66 percent. There is a huge difference between the percentage of growth in detections and actual recovery made from the importers during this period.
The regional directorate of PCA Lahore made detection of Rs 581 million during July-December (2015-16) against Rs 197.7 million in same period last fiscal, showing a growth of 193.87 percent. The recovery made by the Lahore directorate amounted to Rs 24.26 million against Rs 2.81 million, depicting an impressive growth of 763.35 percent. Among all regional directorates the recovery made by Lahore directorate of PCA is comparatively better than Karachi and Islamabad during this period.
The PCA Islamabad has made detection of Rs 4.53 million during the said period and made recovery of Rs 0.03 million. The detection of such a large number of cases of under-invoicing, misdeclarations and evasion of huge duties/taxes through post-clearance audit reflects importance of such a key department of the FBR. The DG PCA Karachi has also detected other cases in different sectors, reflecting remarkable performance of the directorate with limited workforce, sources added.