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Customs Export issues recovery notice to M/s J.J. Enterprises, M/s Shafi Traders

Customs Export issues recovery notice to M/s J.J. Enterprises, M/s Shafi Traders

KARACHI: The Customs Exports has issued show cause notices to two factories in order to collect the evaded tax amounts. The customs authorities issued notices to M/s J.J Enterprises Karachi and M/s Shafi Traders Thatha.

According to the details, M/ J.J Enterprises Karachi used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of leather accessories (leather volets, ladies purse and items cleared during the end of July and caused a loss of Rs3.6 million to the national exchequer.

During scrutiny of import data of July, the Customs Exports team found that the above said company used wrong PCT heading and issued a show-cause notice no: 197/2017 to recover the evaded amount of tax and duty.

Meanwhile, the Customs Exports unearthed another tax evasion by M/ s Shafi Traders Thatha in a consignment of fancy electric board, buttons, switches. The customs authorities, after careful investigations, issued a show cause notice to the company and asked them to deposit the evaded tax amount within fortnight.

It is necessary to mention here that during the first twelve days of August the Customs Exports has issued eight show cause notices and three final notices to tax evaders warning them to clear the outstanding tax amount at the earliest to avoid stern action.