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Customs Adjudication-II retrieves evaded taxes from two defaulters thru notices

Customs Adjudication-II retrieves evaded taxes from two defaulters thru notices

KARACHI: The Customs Adjudication-II has sent a show-cause notice to a defaulter company and recovered Rs4.12million. Source said that the company Mubbashir and Sons was allegedly involved in a tax evasion.

The company imported new and used leather jackets from USA on August 16, 2017 on the charge of mis-declaration/description. The Customs Adjudication-II had advised the said company to pay R5million within 7 days.

Through another notice, the Customs Adjudication-II received Rs4.12million in response to a final notice served on a defaulter company named M/s K K & Company.

M/s K K & Company was allegedly involved in a tax evasion. The company imported different kinds of cosmetic items, including lipsticks, nail polishes, brushes and various kinds of shampoos, in the month of November 2017 which was examined through Wahid Muhammad who used the wrong PCT heading.

After a careful investigation, the Customs Adjudication-II issued a final notice to the company on 4th of April. The company cleared the amount on Wednesday.

Source said that Collector Adjudication-II Tahir Qureshi said that, in the month of April, we are investigating 13 cases of defaulter companies.