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Customs Adjudication-II recovers Rs 7.12m

Customs Adjudication-II recovers Rs 7.12m

KARACHI: The Customs Adjudication-II has issued six show cause notices and three final notices during the month of October and recovered Rs 7.12 million.

Sources told Customs Today that the Customs Adjudication-II sent a final notice to a defaulter company, M/s Iftikhar Morasi Carpets, and recovered Rs 1.18 million from M/s Mohsin Associates.

Sources said that M/s Iftikhar Morasi Carpets was found involved in the tax evasion. The company imported fancy carpets in the month of September and used wrong PCT heading. After careful investigations, the Customs Adjudication-II sent the final notice to the company, asking it to clear the outstanding amount of Rs 2.2 million.

Sources told that another company M/s Mohsin Associates. cleared a consignment of German made hard electric wires on 22nd August and evaded tax amount of Rs1.18 million, after investigation  Customs Adjudication sent a show cause notice on September 4 but the company failed to clear the outstanding tax amount.

On that time Collector Customs Adjudication-II Muhammad Javed sent final notice on September 28. After receiving final notice, the company deposited the amount of Rs1.18 million.

Sources told that newly transferred Collector of Customs Adjudication-II Tahir Qureshi will issue some notices to the different defaulters companies in near future. While scrutiny of import data of 8 more companies are still in progress.