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Adjudication-I recovers Rs 7.23m from M/s Aslam Traders

Adjudication-I recovers Rs 7.23m from M/s Aslam Traders

KARACHI: The Customs Adjudication-I has retrieved Rs 7.23 million from M/s Aslam Traders Karachi. The company was allegedly involved in tax evasion.

Sources told Customs Today that Collector Customs Adjudication-I Mohammad Javed issued a show-cause notice to the company for causing a loss of Rs 7.23 million by way of mis-declaration of classification.

M/s Aslam Traders Karachi imported a consignment of summer pumps, heavy motors, motors wheels and home pumps and got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT).

The company allegedly availed undue and inadmissible benefit as well as exemption of sales tax. It is pertinent to mention here that M/s Aslam Traders itself has imported identical/same goods under the correct PCT heading 2308.2267. Apart from it, all other importers of summer pumps, heavy motors , motors wheels and home pump  have either been declared by the importers or assessed by the Collectorates.

Earlier the Customs Adjudication-I has retrieved Rs4.89million from M/s Siddique Sanitary Works Karachi. The company was allegedly involved in tax evasion.