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Customs Adjudication-I exploits brilliant potential by serving 11 notices on defaulter companies

Customs Adjudication-I exploits brilliant potential by serving 11 notices on defaulter companies

KARACHI: The Customs Adjudication-I showed an excellent performance in 20 days of January 2018. The adjudication has issued six show cause and five final notices to defaulter companies in 20 days.

Source told Customs Today on Saturday that the Customs Adjudication-I has retrieved Rs4.52million from M/s Haris Textile Industries Karachi. The company was allegedly involved in tax evasion. Sources told our reporter that Collector Customs Adjudication-I M Javed served a show-cause notice on said company for allegedly causing the treasury a loss of Rs4.52million by way of mis-declaration of classification.

M/s Haris Textile Industries Karachi imported a consignment of fabric folding machines and liquid printed chemicals and got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT) through Examiner Rasheed Niazi.

The company allegedly availed undue and inadmissible benefit as well as exemption of sales tax. It is pertinent to mention here that M/s Haris Textile Industries Karachi itself has imported identical/same goods under the correct PCT heading 2705.4639.

Apart from it, all other importers of fabric folding machines and liquid printed chemicals have either been declared by the importers or assessed by the collectorates.