KARACHI: The Collector Export Saqif Saeed on Friday recovered evaded amount of taxes and duties of Rs8.25 million from defaulter companies which were issued with notices to pay the outstanding dues.
Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Kazim & Sons availed undue benefits and concessions by importing various kinds of tin pack juices and pine apples pieces by misusing the SRO 552 through Examiner Raheem M. Khan on 7th November, 2017.
Sources told that the company was allegedly involved in tax evasion of Rs5 million. Investigations were continued, after detecting the tax evasion, the Customs Export issued it with a final notice on 4th June, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Kazim & Sons deposited the evaded amount in the official account of the Customs Export on 22nd June 2018.
Another Company, the management of the M/s Anjum Associates also cleared Rs 3.25 million of taxes and duties. Sources told the correspondent that M/s Anjum Associates also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities served on it a final notice on 6th June, 2018, the management of M/s Anjum Associates deposited the evaded amount of taxes on 22nd June