Tuesday , August 14 2018
Breaking News
Home / Karachi / Customs Export collects Rs 22.78m during first 18 days of April
Customs Export collects Rs 22.78m during first 18 days of April

Customs Export collects Rs 22.78m during first 18 days of April

KARACHI: The Customs Export successfully collected Rs 22.78 million during the first 18 days of April, while the Customs Export generated Rs 42.45 million during the previous month of March.

Sources told Customs Today that Customs Export issued a total of nine show cause notices out of which 6 final notices were served on defaulter companies during the 18 days of April.

The Customs Exports issued show cause notices to two factories in order to collect the evaded tax amount. The customs authorities issued notices to M/s Shakeel Traders and Export Karachi and M/s Faraz Marble Enterprises Karachi.

M/s Shakeel Traders and Export Karachi used the wrong Pakistan Custom Tariff heading to get its leather and rexine pieces cleared in the month of August 2017 and caused the national exchequer a loss of Rs 2.80 million.

Sources told that during scrutiny of import data, the Customs Exports detect that the company used the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice No: 217/2018 to recover the evaded tax amount.

Meanwhile, the Customs Exports uncovered another tax evasion committed by M/s Faraz Marble Enterprises Karachi in marble top consignment on October 12 2017. The customs authorities, after a careful investigation, served show-cause notices on the above said companies and asked them for submitting the evaded tax amount within fortnight.

M/s Faraz Marble Enterprises Karachi used the wrong Pakistan Custom Tariff (PCT) heading to get its marble top consignment cleared and caused the national exchequer a loss of Rs 6.23 million.