Quantcast
Saturday , December 16 2017
Breaking News
Home / Karachi / Customs Export issues notices to three companies involved in tax evasion
Customs Export issues notices to three companies involved in tax evasion

Customs Export issues notices to three companies involved in tax evasion

KARACHI: The Customs Exports has served two show cause notices and one final notice on tax defaulters and tax evaders for recovery of dues.

Sources told Customs Today that Custom Exports issued notices to three companies, including M/s Realistic Industries Private Ltd , M/s Furqan Aluminum, and  M/s Ishtiaq Farooqi Traders.

M/s Realistic Industries Pvt Ltd used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of different paint chemicals cleared on September 16 and caused the national kitty a loss of Rs 5.85  million.

During the scrutiny of the import data, the Customs Exports detected the misuse of the PCT heading for which it was issued with a show-cause notice no: 252/2017 for paying the evaded amounts of tax and duty.

Meanwhile, the Customs Exports unearthed another tax evasion committed by M/s Furqan Aluminum who got cleared a consignment of aluminium sheets and scrape.

The customs authorities, after a careful investigation, served a show cause notice on the company and asked it to deposit the evaded tax amount within fortnight.

Another company M/s Ishtiaq Farooqi Traders cleared a consignment of different juices. The customs authorities issued a final notice and mentioned to submit all the documents for consignment soon and submit a balance amount.

Earlier the Customs Exports has served three show cause notices and one final notice on tax defaulters and tax evaders for recovery of dues include M/s JK Plastic Industries (M/s Jibran Khan Plastic Industries) M/s Maryam Garments and Export.