Tuesday , October 23 2018
Breaking News
Home / Karachi / Adjudication-I recovers Rs 7m from M/s Samna Fertilizer Karachi
Adjudication-I recovers Rs 7m from M/s Samna Fertilizer Karachi

Adjudication-I recovers Rs 7m from M/s Samna Fertilizer Karachi

KARACHI: The Customs Adjudication-I has sent five notices to defaulter companies for collecting outstanding amount in the first 18 days of April.

On another hand, the Customs Adjudication-I has retrieved Rs 7 million from M/s Samna Fertilizer Karachi. The company was allegedly involved in a tax evasion.

Sources told Customs Today that the Caretaker Collector Customs Adjudication-I served a show-cause notice on the said company for allegedly causing the treasury a loss of Rs 7 million by way of mis-declaration of classification.

M/s Samna Fertilizer Karachi Karachi imported a consignment of dana form chemicals and mixer machines and got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT) through Examiner Aslam Rasool Aiwan.

The company allegedly availed undue and inadmissible benefits as well as exemption of sales tax. It is pertinent to mention here that M/s Samna Fertilizer Karachi itself has imported identical/same goods under the correct PCT heading 2407.3348.

Apart from it, all other importers of Dana form chemicals and mixer machines have either been declared by the importers or assessed by the Collectorates. Necessary to mention here that Customs Adjudication-I are scrutiny 7 more cases in current month.