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Customs Export collect Rs 32.1m during first ten days of August

Customs Export collect Rs 32.1m during first ten days of August

KARACHI: The Customs Exports has successfully collected Rs 9.1 million in the first ten days of August 2017 of the fiscal year 2017-18.

Sources told Customs Today that Customs Exports issued eight show cause notices out of which four final notices were served on defaulter companies in first ten days of August. The Customs Exports has successfully collected Rs 38.12 million during the month of July.

The Customs Exports issued show cause notices to one factory in order to collect the evaded tax amount. The customs authorities issued notices to M/s Wahid International Karachi which is found involved in tax evasion.

M/s Wahid International Karachi used the wrong Pakistan Custom Tariff (PCT) heading to get its different items of consignment (plastic items, wooden handicrafts etc) consignment cleared 26th of July causing a loss of Rs32.1 million to the national exchequer.

During scrutiny of import data during the end of July, the Customs Exports found the company using the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice no: 193/2017 to recover the evaded tax amount.